Academy Sports and Outdoors (NASDAQ:ASO) Shares Gap Down – Here’s What Happened

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) gapped down prior to trading on Tuesday . The stock had previously closed at $46.15, but opened at $44.57. Academy Sports and Outdoors shares last traded at $44.60, with a volume of 586,453 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. Barclays lowered their price target on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Truist Financial reduced their price objective 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. Finally, UBS Group decreased their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus price target of $58.07.

Academy Sports and Outdoors Stock Up 0.2%

The firm has a 50 day moving average of $47.82 and a 200 day moving average of $52.65. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.63 and a beta of 1.06. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors 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 dividend yield of 1.4%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is presently 10.56%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the stock. Verity Asset Management Inc. boosted its holdings in shares of Academy Sports and Outdoors by 0.6% during the 4th quarter. Verity Asset Management Inc. now owns 32,788 shares of the company’s stock valued at $1,638,000 after buying an additional 182 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Academy Sports and Outdoors by 12.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock worth $86,000 after acquiring an additional 188 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Academy Sports and Outdoors by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock valued at $373,000 after acquiring an additional 202 shares during the period. Cullen Frost Bankers Inc. lifted its position in Academy Sports and Outdoors by 3.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock valued at $280,000 after acquiring an additional 202 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Academy Sports and Outdoors by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock worth $336,000 after acquiring an additional 228 shares in the last quarter.

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.