Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Brief Interest Update
Academy Sports and Outdoors, Inc. (NASDAQ: ASO – Get an assessment) saw a significant decline in short-term interest in September. As of September 30, there was short interest totaling 9,550,000 shares, a decrease of 9.2% from the total of 10,520,000 shares as of September 15. Currently, 12.2% of the stock’s shares are sold short. Based on an average daily volume of 1,660,000 shares, the day-to-cover ratio is currently 5.8 days.
Academy Sports and Outdoors trades down 1.7%
Academy Sports and Outdoors stock traded down $0.76 at midday Friday, hitting $44.08. 1,267,427 shares were traded, against an average volume of 1,721,777. The company has a fifty-day simple moving average of $45.61 and a two-hundred-day simple moving average of $40.46. Academy Sports and Outdoors has a 52-week minimum of $25.10 and a 52-week maximum of $51.51. The stock has a market capitalization of $3.51 billion, a PE ratio of 6.12, a P/E/G ratio of 0.66 and a beta of 1.28. The company has a quick ratio of 0.41, a current ratio of 1.58 and a debt ratio of 0.45.
Academy Sports and Outdoors (NASDAQ: ASO – Get a rating) last released its quarterly earnings data on Wednesday, September 7. The company reported earnings per share of $2.30 for the quarter, beating the consensus estimate of $2.07 by $0.23. Academy Sports and Outdoors achieved a net margin of 9.79% and a return on equity of 44.64%. The company posted revenue of $1.69 billion for the quarter, compared to analysts’ estimates of $1.70 billion. In the same quarter last year, the company achieved EPS of $2.34. Quarterly revenue for Academy Sports and Outdoors decreased 5.9% compared to the same quarter last year. Equity research analysts expect Academy Sports and Outdoors to post EPS of 7.14 for the current fiscal year.
Academy Sports and Outdoors Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 13. Shareholders of record on Thursday, September 15 received a dividend of $0.075. This represents a dividend of $0.30 on an annualized basis and a yield of 0.68%. The ex-dividend date was Wednesday, September 14. Academy Sports and Outdoors’ payout ratio is currently 4.17%.
Insiders place their bets
In other Sports & Outdoors Academy news, Executive Vice President Samuel J. Johnson sold 112,000 shares of the company in a trade on Tuesday, September 13. The stock was sold at an average price of $48.46, for a total value of $5,427,520.00. Following the transaction, the executive vice president now owns 132,539 shares of the company, valued at $6,422,839.94. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. Insiders hold 3.51% of the shares of the company.
Institutional entries and exits
Institutional investors have recently been buying and selling shares of the stock. The Texas Permanent School Fund bought a new position in Academy Sports and Outdoors in the first quarter worth approximately $2,448,000. Stratos Wealth Partners LTD. raised its position in shares of Academy Sports and Outdoors by 27.1% in the first quarter. Stratos Wealth Partners LTD. now owns 10,632 shares of the company worth $419,000 after purchasing an additional 2,269 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Academy Sports and Outdoors in the first quarter for a value of $288,000. KBC Group NV bought a new stake in shares of Academy Sports and Outdoors in the second quarter worth $277,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Academy Sports and Outdoors in the first quarter at a value of $26,000. Institutional investors hold 98.01% of the company’s shares.
Changes to analyst ratings
Several equity analysts have recently released reports on ASO shares. Loop Capital began covering Academy Sports and Outdoors in a research note on Friday, September 9. They set a “buy” rating and a price target of $60.00 on the stock. UBS Group raised its price target on Academy Sports and Outdoors from $55.00 to $60.00 and gave the company a “buy” rating in a Thursday, September 8 research note. Oppenheimer raised his price target on Academy Sports and Outdoors from $50.00 to $60.00 and gave the company an “outperforming” rating in a Thursday, September 8 research note. Goldman Sachs Group raised its price target on Academy Sports and Outdoors from $47.00 to $53.00 and gave the company a “buy” rating in a Monday, September 12 report. Finally, Morgan Stanley raised its price target on Academy Sports and Outdoors from $50.00 to $54.00 and gave the stock an “equal weight” rating in a Thursday, September 8 report. One research analyst gave the stock a hold rating and nine gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.70.
About the Sports and Outdoors Academy
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.
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