Academy Sports and Outdoors (NASDAQ:ASO) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13), RTT News reports. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. Academy Sports and Outdoors updated its FY 2025 guidance to 5.450-6.25 EPS.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO traded up $0.62 during trading on Wednesday, reaching $45.22. 2,565,550 shares of the company's stock traded hands, compared to its average volume of 1,656,326. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.01 billion, a PE ratio of 7.43, a P/E/G ratio of 1.02 and a beta of 1.28. The company has a 50-day simple moving average of $40.10 and a 200-day simple moving average of $47.85.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several institutional investors have recently bought and sold shares of ASO. Royal Bank of Canada boosted its holdings in Academy Sports and Outdoors by 8.5% in the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company's stock worth $2,726,000 after buying an additional 4,665 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Academy Sports and Outdoors by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company's stock worth $1,846,000 after buying an additional 1,257 shares during the last quarter. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors in the 1st quarter worth about $223,000. Finally, Strs Ohio acquired a new stake in Academy Sports and Outdoors in the 1st quarter worth about $128,000.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a report on Thursday, March 20th. B. Riley reduced their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Evercore ISI reduced their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Bank of America reduced their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Loop Capital cut their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.31.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.