Academy Sports and Outdoors (NASDAQ:ASO) Hits New 12-Month High – What’s Next?
by Teresa Graham · The Cerbat GemAcademy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $59.31 and last traded at $59.3210, with a volume of 545706 shares traded. The stock had previously closed at $56.89.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Barclays raised their target price on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. Evercore ISI raised their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Finally, UBS Group lifted their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.61.
Get Our Latest Report on Academy Sports and Outdoors
Academy Sports and Outdoors Stock Performance
The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.71. The stock’s 50-day simple moving average is $49.62 and its two-hundred day simple moving average is $50.35. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. Analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.
Academy Sports and Outdoors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th will be paid a $0.13 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.51%.
Insider Buying and Selling
In other Academy Sports and Outdoors news, Director Brian T. Marley sold 17,071 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $55.31, for a total value of $944,197.01. Following the completion of the sale, the director directly owned 42,607 shares of the company’s stock, valued at $2,356,593.17. This represents a 28.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Academy Sports and Outdoors
A number of hedge funds and other institutional investors have recently made changes to their positions in ASO. Dimensional Fund Advisors LP increased its stake in Academy Sports and Outdoors by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,879,904 shares of the company’s stock valued at $194,077,000 after acquiring an additional 46,305 shares during the period. LSV Asset Management grew its stake in shares of Academy Sports and Outdoors by 43.0% in the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock valued at $139,798,000 after purchasing an additional 937,449 shares during the period. American Century Companies Inc. raised its holdings in shares of Academy Sports and Outdoors by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock worth $108,886,000 after buying an additional 125,398 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Academy Sports and Outdoors by 5.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after buying an additional 117,175 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Academy Sports and Outdoors by 45.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after buying an additional 448,582 shares in the last quarter.
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.