Academy Sports and Outdoors (NASDAQ:ASO) Shares Up 10.1% on Better-Than-Expected Earnings

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) rose 10.1% during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $56.50 and last traded at $56.8640. Approximately 438,024 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,451,143 shares. The stock had previously closed at $51.67.

The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.76 EPS. Academy Sports and Outdoors’s revenue for the quarter was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.79%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ASO. Truist Financial set a $54.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 20th. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, April 8th. Stephens assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price on the stock. Finally, UBS Group lowered their price objective on Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus price target of $59.87.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares in the company, valued at approximately $470,100. This trade represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Academy Sports and Outdoors

Several hedge funds have recently bought and sold shares of ASO. Salomon & Ludwin LLC increased its holdings in Academy Sports and Outdoors by 139.8% during the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Huntington National Bank raised its position in Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after acquiring an additional 326 shares during the period. Bayforest Capital Ltd purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $51,000. EverSource Wealth Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 38.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after buying an additional 258 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares during the period.

Academy Sports and Outdoors Stock Performance

The company has a market capitalization of $3.60 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.80 and a beta of 1.04. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $54.40 and its 200 day moving average is $54.59.

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.