Alamar Capital Management LLC Has $2.33 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO

Alamar Capital Management LLC lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 14.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,811 shares of the company’s stock after buying an additional 6,706 shares during the quarter. Alamar Capital Management LLC owned about 0.08% of Academy Sports and Outdoors worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ASO. Your Advocates Ltd. LLP lifted its stake 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 worth $37,000 after buying an additional 411 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after buying an additional 362 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors in the first quarter worth $64,000. Nisa Investment Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after buying an additional 293 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Academy Sports and Outdoors by 280.0% in the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after buying an additional 1,221 shares during the last quarter.

Wall Street Analyst Weigh In

ASO has been the subject of a number of research reports. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $50.00 in a report on Wednesday, September 3rd. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Barclays initiated coverage on shares of Academy Sports and Outdoors in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 price target for the company. Guggenheim reissued a “buy” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, September 8th. Finally, UBS Group reissued a “neutral” rating and issued a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $58.37.

Academy Sports and Outdoors Trading Up 0.2%

Shares of ASO stock opened at $48.92 on Friday. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The firm has a fifty day moving average of $50.91 and a 200-day moving average of $46.98.

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 analyst estimates of $1.61 billion. During the same quarter in the prior year, the company posted $2.03 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

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 was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

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.