Academy Sports and Outdoors (NASDAQ:ASO) Reaches New 12-Month Low - Should You Sell?

Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $44.73 and last traded at $45.13, with a volume of 220335 shares changing hands. The stock had previously closed at $46.60.

Analysts Set New Price Targets

ASO has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Jefferies Financial Group dropped their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company increased their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an "equal weight" rating in a report on Wednesday, September 11th. Wedbush reiterated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, TD Cowen increased their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "hold" rating in a report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $61.57.

Academy Sports and Outdoors Stock Down 1.2 %

The firm has a 50 day simple moving average of $54.62 and a two-hundred day simple moving average of $54.13. The company has a market capitalization of $3.24 billion, a PE ratio of 7.10, a P/E/G ratio of 0.92 and a beta of 1.37. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.96 by $0.07. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $2.01 EPS. Research analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.96%. Academy Sports and Outdoors's dividend payout ratio is currently 6.79%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company's stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.19% of the company's stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Academy Sports and Outdoors during the second quarter worth $174,054,000. Dimensional Fund Advisors LP increased its position in Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company's stock worth $158,147,000 after buying an additional 481,640 shares in the last quarter. Geode Capital Management LLC increased its position in Academy Sports and Outdoors by 2.6% during the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock worth $118,092,000 after buying an additional 50,715 shares in the last quarter. Finally, LSV Asset Management increased its position in Academy Sports and Outdoors by 4.2% during the second quarter. LSV Asset Management now owns 1,721,741 shares of the company's stock worth $91,683,000 after buying an additional 69,700 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.