Academy Sports and Outdoors (NASDAQ:ASO) Releases FY 2021 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.150-4.500 for the period, compared to the Thomson Reuters consensus estimate of $3.350. The company issued revenue guidance of -.Academy Sports and Outdoors also updated its FY22 guidance to $4.15-4.50 EPS.

Shares of NASDAQ:ASO traded up $0.85 on Friday, reaching $40.88. 76,084 shares of the company were exchanged, compared to its average volume of 2,134,782. Academy Sports and Outdoors has a 1-year low of $12.05 and a 1-year high of $41.03. The company has a current ratio of 1.21, a quick ratio of 0.36 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $33.52. The company has a market capitalization of $3.83 billion and a price-to-earnings ratio of 10.45.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Monday, June 7th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $0.84 by $1.05. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.51 billion. The company’s revenue was up 39.1% on a year-over-year basis. As a group, analysts expect that Academy Sports and Outdoors will post 3.66 earnings per share for the current year.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Academy Sports and Outdoors from $40.00 to $46.00 and gave the stock an overweight rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Academy Sports and Outdoors from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Wednesday, March 24th. Credit Suisse Group upped their target price on shares of Academy Sports and Outdoors from $39.00 to $44.00 and gave the company an outperform rating in a report on Wednesday. Loop Capital upped their target price on shares of Academy Sports and Outdoors from $31.00 to $45.00 and gave the company a buy rating in a report on Wednesday. Finally, Stephens upped their target price on shares of Academy Sports and Outdoors from $44.00 to $46.00 and gave the company an overweight rating in a report on Wednesday. Nine analysts have rated the stock with a buy rating, Academy Sports and Outdoors presently has an average rating of Buy and an average target price of $33.38.

In related news, Director William S. Simon sold 31,007 shares of the stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $35.30, for a total transaction of $1,094,547.10. Following the completion of the sale, the director now owns 8,782 shares of the company’s stock, valued at approximately $310,004.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,100,000 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $30.96, for a total transaction of $405,576,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,163,741 shares of company stock valued at $634,733,291. Corporate insiders own 1.83% of the company’s stock.

About Academy Sports and Outdoors

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; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.

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