Academy Sports and Outdoors (NASDAQ:ASO) Shares Gap Down – Should You Sell?

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $46.15, but opened at $44.57. Academy Sports and Outdoors shares last traded at $44.60, with a volume of 586,453 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Barclays lowered their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. UBS Group dropped their price target on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Finally, The Goldman Sachs Group cut their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and a consensus price target of $58.07.

Academy Sports and Outdoors Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The firm has a market capitalization of $2.75 billion, a PE ratio of 7.82, a P/E/G ratio of 0.66 and a beta of 1.06. The firm has a fifty day moving average price of $48.06 and a 200 day moving average price of $52.86.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $0.76 EPS. Academy Sports and Outdoors’s revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were issued a $0.15 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. Academy Sports and Outdoors’s dividend payout ratio is presently 10.56%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ASO. California State Teachers Retirement System lifted its stake in Academy Sports and Outdoors by 4,364.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,485,499 shares of the company’s stock worth $164,272,000 after acquiring an additional 3,407,435 shares in the last quarter. HB Wealth Management LLC grew its stake in Academy Sports and Outdoors by 9.5% during the 2nd quarter. HB Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $202,000 after acquiring an additional 371 shares in the last quarter. Nykredit A S purchased a new position in Academy Sports and Outdoors during the 2nd quarter valued at about $119,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Academy Sports and Outdoors in the 2nd quarter valued at about $321,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Academy Sports and Outdoors by 2.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,002 shares of the company’s stock valued at $5,797,000 after purchasing an additional 2,930 shares during the period.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.