Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 12,280,000 shares, an increase of 38.3% from the May 31st total of 8,880,000 shares. Based on an average daily trading volume, of 2,820,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 16.2% of the company’s shares are short sold.
Shares of Academy Sports and Outdoors stock opened at $34.99 on Friday. The stock’s 50-day simple moving average is $35.62 and its 200-day simple moving average is $37.01. Academy Sports and Outdoors has a 52 week low of $25.10 and a 52 week high of $51.08. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 0.59 and a beta of 1.65. The company has a quick ratio of 0.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.45.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.41 by $0.32. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The business’s revenue was down 7.1% on a year-over-year basis. On average, equities analysts expect that Academy Sports and Outdoors will post 7.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 16th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.86%. Academy Sports and Outdoors’s payout ratio is 4.30%.
Several research firms have weighed in on ASO. Truist Financial began coverage on Academy Sports and Outdoors in a report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price objective for the company. Stephens increased their price objective on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. UBS Group lowered their target price on Academy Sports and Outdoors to $55.00 in a research note on Thursday, June 9th. The Goldman Sachs Group lowered their target price on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a research note on Wednesday, May 4th. Finally, Loop Capital raised their target price on Academy Sports and Outdoors from $43.00 to $50.00 in a research note on Wednesday, March 30th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Buy” and a consensus price target of $55.08.
A number of institutional investors have recently bought and sold shares of the business. Bailard Inc. lifted its holdings in Academy Sports and Outdoors by 1.8% during the fourth quarter. Bailard Inc. now owns 16,900 shares of the company’s stock worth $742,000 after buying an additional 300 shares during the period. Meritage Portfolio Management grew its position in Academy Sports and Outdoors by 5.4% during the 4th quarter. Meritage Portfolio Management now owns 6,307 shares of the company’s stock worth $277,000 after purchasing an additional 323 shares during the period. Captrust Financial Advisors grew its position in Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after purchasing an additional 357 shares during the period. Capital Investment Advisory Services LLC grew its position in Academy Sports and Outdoors by 8.2% during the 1st quarter. Capital Investment Advisory Services LLC now owns 5,300 shares of the company’s stock worth $209,000 after purchasing an additional 400 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Academy Sports and Outdoors by 2.7% during the 1st quarter. Teacher Retirement System of Texas now owns 17,136 shares of the company’s stock worth $675,000 after acquiring an additional 458 shares in the last quarter. Institutional investors own 89.94% of the company’s stock.
About Academy Sports and Outdoors (Get Rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
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