B. Riley Issues Pessimistic Estimate for ASO Earnings

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) - B. Riley lowered their FY2027 earnings estimates for shares of Academy Sports and Outdoors in a research note issued on Wednesday, June 11th. B. Riley analyst A. Glaessgen now anticipates that the company will post earnings of $6.09 per share for the year, down from their prior forecast of $6.45. B. Riley currently has a "Buy" rating and a $65.00 target price on the stock. The consensus estimate for Academy Sports and Outdoors' current full-year earnings is $5.59 per share.

Other equities analysts have also issued research reports about the stock. Morgan Stanley decreased their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. JPMorgan Chase & Co. increased their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Truist Financial lifted their price target on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Wedbush cut their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Bank of America reduced their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.31.

Academy Sports and Outdoors Price Performance

ASO traded down $0.78 on Monday, reaching $44.12. The company had a trading volume of 1,179,389 shares, compared to its average volume of 1,645,039. Academy Sports and Outdoors has a 52-week low of $33.34 and a 52-week high of $64.62. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 0.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The business has a 50 day simple moving average of $41.07 and a 200 day simple moving average of $47.69.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. 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 previous year, the firm earned $1.08 earnings per share. Academy Sports and Outdoors's quarterly revenue was down .9% compared to the same quarter last year.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC increased its stake in shares of Academy Sports and Outdoors by 2.4% in the first quarter. Voya Investment Management LLC now owns 25,839 shares of the company's stock worth $1,179,000 after buying an additional 612 shares during the period. Strs Ohio bought a new stake in Academy Sports and Outdoors in the 1st quarter worth $128,000. Villanova Investment Management Co LLC purchased a new position in shares of Academy Sports and Outdoors in the first quarter valued at about $1,197,000. Focus Partners Wealth increased its position in shares of Academy Sports and Outdoors by 71.6% in the first quarter. Focus Partners Wealth now owns 58,891 shares of the company's stock valued at $2,686,000 after acquiring an additional 24,577 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Academy Sports and Outdoors during the first quarter valued at about $223,000.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.18%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.56%.

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.