Academy Sports and Outdoors (NASDAQ:ASO) Posts Earnings Results, Misses Expectations By $0.32 EPS

Key Points

• Academy Sports and Outdoors reported a quarterly EPS of $1.82, missing analyst expectations of $2.14 by $0.32.
• Despite the earnings miss, the company updated its FY 2025 guidance to a range of $5.60-6.30 EPS.
• Academy Sports and Outdoors will issue a quarterly dividend of $0.13 per share on October 9th, reflecting an annual yield of 1.0%.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.14 by ($0.32), Zacks reports. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the firm earned $2.03 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Academy Sports and Outdoors updated its FY 2025 guidance to 5.600-6.30 EPS.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded up $0.82 during trading on Friday, reaching $50.86. The company had a trading volume of 1,360,622 shares, compared to its average volume of 1,558,572. Academy Sports and Outdoors has a twelve month low of $33.34 and a twelve month high of $64.61. The stock has a market capitalization of $3.39 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.30. The stock has a 50-day moving average price of $51.89 and a two-hundred day moving average price of $46.34. The company has a current ratio of 1.64, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's payout ratio is 9.74%.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the transaction, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in shares of Academy Sports and Outdoors by 10.9% in the second quarter. Osaic Holdings Inc. now owns 16,435 shares of the company's stock valued at $737,000 after purchasing an additional 1,609 shares during the period. Public Sector Pension Investment Board grew its position in shares of Academy Sports and Outdoors by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 226,811 shares of the company's stock valued at $10,163,000 after purchasing an additional 6,744 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Academy Sports and Outdoors by 126.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,992 shares of the company's stock valued at $313,000 after purchasing an additional 3,903 shares during the period. Brooks Moore & Associates Inc. grew its position in shares of Academy Sports and Outdoors by 13.6% in the second quarter. Brooks Moore & Associates Inc. now owns 14,575 shares of the company's stock valued at $653,000 after purchasing an additional 1,745 shares during the period. Finally, State of Tennessee Department of Treasury grew its position in shares of Academy Sports and Outdoors by 32.0% in the second quarter. State of Tennessee Department of Treasury now owns 23,024 shares of the company's stock valued at $1,032,000 after purchasing an additional 5,587 shares during the period.

Wall Street Analyst Weigh In

ASO has been the topic of a number of analyst reports. Monness Crespi & Hardt initiated coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a "buy" rating and a $65.00 price target on the stock. Bank of America reduced their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday. Citigroup cut Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $55.00 to $50.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.71.

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.