Academy Sports and Outdoors (NASDAQ:ASO) Shares Gap Down – What’s Next?

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) gapped down before the market opened on Tuesday . The stock had previously closed at $46.15, but opened at $44.57. Academy Sports and Outdoors shares last traded at $44.60, with a volume of 586,453 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays decreased their price objective on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Weiss Ratings cut shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Truist Financial decreased their price target on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research note on Wednesday, June 10th. UBS Group lowered their price objective on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.07.

Academy Sports and Outdoors Stock Down 3.9%

The firm’s 50-day moving average price is $48.06 and its 200 day moving average price is $52.86. The firm has a market cap of $2.75 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.76 EPS. Academy Sports and Outdoors’s revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 10.56%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Academy Sports and Outdoors during the 2nd quarter valued at about $468,146,000. California State Teachers Retirement System lifted its stake in shares of Academy Sports and Outdoors by 4,364.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,485,499 shares of the company’s stock worth $164,272,000 after acquiring an additional 3,407,435 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth approximately $61,207,000. Boston Partners boosted its holdings in shares of Academy Sports and Outdoors by 85.5% in the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock valued at $65,416,000 after acquiring an additional 600,335 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Academy Sports and Outdoors in the second quarter valued at approximately $27,742,000.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.