Academy Sports and Outdoors (NASDAQ:ASO) Reaches New 52-Week Low – What’s Next?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO)’s share price reached a new 52-week low on Wednesday . The company traded as low as $44.50 and last traded at $44.99, with a volume of 707730 shares trading hands. The stock had previously closed at $46.78.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASO. Citigroup started coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price target on the stock. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Robert W. Baird cut their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Price Performance

The stock has a fifty day simple moving average of $52.41 and a two-hundred day simple moving average of $53.52. The company has a market cap of $3.13 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted $1.38 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. AlphaQuest LLC boosted its stake in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after acquiring an additional 915 shares in the last quarter. Finally, LGT Financial Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after acquiring an additional 1,000 shares in the last quarter.

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.