Teza Capital Management LLC Takes $411,000 Position in Academy Sports and Outdoors, Inc. $ASO

Teza Capital Management LLC purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 1st quarter, HoldingsChannel reports. The fund purchased 9,022 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ASO. Your Advocates Ltd. LLP raised its position in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. TD Private Client Wealth LLC increased its holdings in Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after acquiring an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $64,000. Nisa Investment Advisors LLC increased its holdings in Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after acquiring an additional 293 shares during the period. Finally, US Bancorp DE increased its holdings in Academy Sports and Outdoors by 280.0% during the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after acquiring an additional 1,221 shares during the period.

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director directly owned 7,084 shares in the company, valued at $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $50.86 on Monday. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.61. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company has a fifty day moving average of $51.89 and a 200-day moving average of $46.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $1.08 EPS. Academy Sports and Outdoors’s revenue for the quarter was down .9% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio is 9.74%.

Analyst Ratings Changes

A number of research firms recently weighed in on ASO. Evercore ISI upped their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, August 26th. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They set a “buy” rating and a $65.00 target price on the stock. Citigroup lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $50.00 in a report on Wednesday, September 3rd. UBS Group reaffirmed a “neutral” rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.71.

About Academy Sports and Outdoors

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.