Linden Thomas Advisory Services LLC Purchases Shares of 5,889 Academy Sports and Outdoors, Inc. $ASO

Linden Thomas Advisory Services LLC purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,889 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP grew its holdings in Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after buying an additional 411 shares in the last quarter. TD Private Client Wealth LLC grew 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 valued at $53,000 after buying an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the 1st quarter valued at approximately $64,000. Nisa Investment Advisors LLC grew 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 valued at $66,000 after buying an additional 293 shares in the last quarter. Finally, US Bancorp DE grew 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 valued at $76,000 after buying an additional 1,221 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $49.48 on Tuesday. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. 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 market capitalization of $3.30 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.96 and a beta of 1.28. The stock has a 50 day moving average price of $50.69 and a 200 day moving average price of $47.28.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results 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 return on equity of 18.47% and a net margin of 6.21%.The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $2.03 earnings per share. Academy Sports and Outdoors’s revenue 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. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Academy Sports and Outdoors’s payout ratio is 9.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ASO. Truist Financial raised their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a “buy” rating and a $65.00 price objective for the company. Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a research note on Monday, July 21st. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $58.37.

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.