Foster & Motley Inc. Sells 1,308 Shares of Academy Sports and Outdoors, Inc. $ASO

Foster & Motley Inc. lowered its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,772 shares of the company’s stock after selling 1,308 shares during the period. Foster & Motley Inc.’s holdings in Academy Sports and Outdoors were worth $976,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Academy Sports and Outdoors by 1.3% during the first quarter. Principal Financial Group Inc. now owns 345,718 shares of the company’s stock valued at $15,768,000 after acquiring an additional 4,279 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Academy Sports and Outdoors by 4.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock valued at $299,000 after acquiring an additional 283 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $351,000. Bessemer Group Inc. grew its stake in Academy Sports and Outdoors by 4.4% during the first quarter. Bessemer Group Inc. now owns 325,721 shares of the company’s stock valued at $14,856,000 after acquiring an additional 13,761 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its stake in Academy Sports and Outdoors by 14.0% during the first quarter. Peregrine Capital Management LLC now owns 153,807 shares of the company’s stock valued at $7,015,000 after acquiring an additional 18,937 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Monness Crespi & Hardt assumed coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They set a “buy” rating and a $65.00 price objective for the company. UBS Group reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Wells Fargo & Company reissued a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Price Performance

ASO stock opened at $51.54 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25. The stock has a market cap of $3.43 billion, a PE ratio of 9.65, a P/E/G ratio of 1.04 and a beta of 1.28. The firm has a 50 day simple moving average of $51.17 and a two-hundred day simple moving average of $46.76.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $2.03 EPS. Academy Sports and Outdoors’s revenue for the quarter was up 3.3% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were paid a $0.13 dividend. The ex-dividend date of this dividend was 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%.

Academy Sports and Outdoors Profile

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.