Academy Sports and Outdoors (NASDAQ:ASO) Sets New 52-Week Low - What's Next?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.34 and last traded at $39.91, with a volume of 3596133 shares changing hands. The stock had previously closed at $34.10.

Analyst Ratings Changes

Several analysts recently issued reports on ASO shares. Telsey Advisory Group reiterated an "outperform" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Wedbush cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.63.

Academy Sports and Outdoors Trading Up 0.4 %

The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $46.88 and a 200-day moving average price of $51.13. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 1.02 and a beta of 1.26.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $2.21 EPS. The company's revenue was down 6.6% on a year-over-year basis. Research 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 business also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.39%. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Academy Sports and Outdoors by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock worth $212,807,000 after buying an additional 404,863 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company's stock worth $152,413,000 after acquiring an additional 197,384 shares during the period. Geode Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock worth $118,092,000 after purchasing an additional 50,715 shares in the last quarter. LSV Asset Management increased its position in shares of Academy Sports and Outdoors by 14.2% during the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock valued at $111,611,000 after purchasing an additional 241,100 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in shares of Academy Sports and Outdoors by 1.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,464,630 shares of the company's stock valued at $84,260,000 after purchasing an additional 14,997 shares in the last quarter.

Academy Sports and Outdoors Company Profile

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.