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

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $38.88 and last traded at $39.20, with a volume of 3664429 shares traded. The stock had previously closed at $47.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Robert W. Baird dropped their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Morgan Stanley reduced their price target 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 report on Friday, March 21st. Truist Financial upped their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Finally, Wedbush decreased 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.69.

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Academy Sports and Outdoors Trading Up 1.8 %

The stock has a market capitalization of $2.48 billion, a P/E ratio of 6.06, a P/E/G ratio of 1.02 and a beta of 1.26. The stock's 50 day moving average price is $49.10 and its 200-day moving average price is $52.20. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company's revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASO. HighTower Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 6.2% in the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock valued at $324,000 after purchasing an additional 323 shares during the period. XTX Topco Ltd acquired a new position in Academy Sports and Outdoors in the 3rd quarter worth approximately $1,221,000. Y Intercept Hong Kong Ltd acquired a new stake in Academy Sports and Outdoors during the 3rd quarter valued at approximately $323,000. Vestcor Inc boosted its holdings in shares of Academy Sports and Outdoors by 184.3% in the 3rd quarter. Vestcor Inc now owns 16,197 shares of the company's stock valued at $945,000 after acquiring an additional 10,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock worth $118,092,000 after acquiring an additional 50,715 shares during the period.

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.