Academy Sports and Outdoors (NASDAQ:ASO) Trading 4.1% Higher - Time to Buy?

Key Points

• Academy Sports and Outdoors shares rose 4.1% to about $48.01, though trading volume was roughly 92% below the average session volume.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $58.07 price target; recent firms generally lowered targets, while Stephens initiated coverage with an “Overweight” rating and a $78 target.
• The company exceeded quarterly EPS estimates, reporting $0.93 versus $0.91 expected, while revenue increased 6.7% year over year to $1.44 billion. It also declared a quarterly dividend of $0.15 per share, equating to a 1.2% annual yield.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) was up 4.1% during trading on Tuesday . The company traded as high as $47.54 and last traded at $48.0110. Approximately 120,048 shares were traded during trading, a decline of 92% from the average session volume of 1,470,512 shares. The stock had previously closed at $46.10.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stephens assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They set an "overweight" rating and a $78.00 price objective on the stock. Weiss Ratings lowered 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 cut their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a "hold" rating on the stock in a research note on Wednesday, June 10th. JPMorgan Chase & Co. decreased their price target on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating on the stock in a report on Wednesday, June 10th. Finally, Barclays decreased their price target on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $58.07.

Academy Sports and Outdoors Trading Up 4.6%

The company has a market capitalization of $2.99 billion, a PE ratio of 8.49, a P/E/G ratio of 0.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The business has a fifty day moving average price of $48.48 and a 200 day moving average price of $53.20.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company's revenue for the quarter 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. Analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors's payout ratio is 10.56%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC lifted its holdings in shares of Academy Sports and Outdoors by 139.8% during the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company's stock valued at $26,000 after acquiring an additional 281 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Academy Sports and Outdoors in the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC increased its holdings in Academy Sports and Outdoors by 38.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company's stock valued at $52,000 after purchasing an additional 258 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at about $51,000. Finally, State of Wyoming purchased a new position in Academy Sports and Outdoors in the second quarter valued at about $55,000.

Academy Sports and Outdoors Company Profile

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.

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