Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) is set to post its quarterly earnings results on Wednesday, December 7th.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last posted its earnings results on Wednesday, September 7th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.23. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.70 billion. Academy Sports and Outdoors had a return on equity of 44.64% and a net margin of 9.79%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 earnings per share. On average, analysts expect Academy Sports and Outdoors to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $48.24 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.41 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.85 billion, a P/E ratio of 6.70, a P/E/G ratio of 0.74 and a beta of 1.20. Academy Sports and Outdoors has a 12 month low of $25.10 and a 12 month high of $52.34. The business’s 50-day moving average is $45.71 and its 200 day moving average is $42.48.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group boosted their target price on Academy Sports and Outdoors from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Loop Capital began coverage on Academy Sports and Outdoors in a research report on Friday, September 9th. They set a “buy” rating and a $60.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Academy Sports and Outdoors from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, September 12th. TheStreet upgraded Academy Sports and Outdoors from a “c” rating to a “b-” rating in a research report on Tuesday, October 4th. Finally, Morgan Stanley upped their price objective on Academy Sports and Outdoors from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, September 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus target price of $58.70.

Insider Activity

In other news, EVP Samuel J. Johnson sold 112,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $48.46, for a total transaction of $5,427,520.00. Following the transaction, the executive vice president now owns 132,539 shares of the company’s stock, valued at $6,422,839.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Heather A. Davis sold 6,307 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $43.13, for a total value of $272,020.91. Following the transaction, the senior vice president now owns 88,075 shares of the company’s stock, valued at $3,798,674.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Samuel J. Johnson sold 112,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $48.46, for a total value of $5,427,520.00. Following the completion of the transaction, the executive vice president now directly owns 132,539 shares in the company, valued at approximately $6,422,839.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,407 shares of company stock valued at $5,704,626. 3.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ASO. BlackRock Inc. grew its stake in Academy Sports and Outdoors by 124.0% in the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock worth $534,370,000 after purchasing an additional 7,507,589 shares in the last quarter. State Street Corp boosted its position in Academy Sports and Outdoors by 73.0% during the 1st quarter. State Street Corp now owns 2,834,137 shares of the company’s stock valued at $111,872,000 after acquiring an additional 1,196,076 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Academy Sports and Outdoors by 11,157.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock valued at $42,542,000 after acquiring an additional 1,070,181 shares in the last quarter. Renaissance Technologies LLC boosted its position in Academy Sports and Outdoors by 680.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock valued at $45,212,000 after acquiring an additional 1,000,500 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Academy Sports and Outdoors by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock valued at $372,817,000 after acquiring an additional 958,800 shares in the last quarter. Institutional investors own 98.01% of the company’s stock.

Academy Sports and Outdoors Company Profile

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

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Earnings History for Academy Sports and Outdoors (NASDAQ:ASO)

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