Academy Sports and Outdoors (NASDAQ:ASO) Sets New 52-Week High – Time to Buy?

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) hit a new 52-week high during trading on Monday. The company traded as high as $62.51 and last traded at $62.2130, with a volume of 448,200 shares trading hands. The stock had previously closed at $59.20.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASO. Barclays raised their price target on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. UBS Group boosted their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Truist Financial upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Weiss Ratings upgraded Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Finally, Wells Fargo & Company raised shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average target price of $58.54.

Academy Sports and Outdoors Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 1.74. The company has a market cap of $3.83 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.82 and a beta of 0.94. The firm has a 50 day moving average price of $51.36 and a two-hundred day moving average price of $52.81.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. On average, analysts predict that Academy Sports and Outdoors, Inc. will post 6.24 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.00%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Brian Marley sold 10,432 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total value of $555,504.00. Following the sale, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. This represents a 24.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the transaction, the president owned 36,861 shares in the company, valued at $1,909,031.19. This trade represents a 65.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,315 shares of company stock valued at $5,576,537 over the last 90 days. 4.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Academy Sports and Outdoors by 52.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock worth $35,000 after purchasing an additional 252 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 38.9% during the first 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. GAMMA Investing LLC grew its stake in shares of Academy Sports and Outdoors by 6.1% in the third quarter. GAMMA Investing LLC now owns 5,045 shares of the company’s stock worth $243,000 after acquiring an additional 291 shares during the last quarter. State of Wyoming grew its holdings in shares of Academy Sports and Outdoors by 28.3% during the third quarter. State of Wyoming now owns 1,489 shares of the company’s stock valued at $72,000 after buying an additional 328 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in Academy Sports and Outdoors by 9.5% in the 2nd quarter. HB Wealth Management LLC now owns 4,288 shares of the company’s stock worth $202,000 after buying an additional 371 shares during the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.