Bessemer Group Inc. Raises Position in Academy Sports and Outdoors, Inc. $ASO

Bessemer Group Inc. increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,551 shares of the company’s stock after purchasing an additional 14,830 shares during the period. Bessemer Group Inc.’s holdings in Academy Sports and Outdoors were worth $15,261,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in Academy Sports and Outdoors by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 252,857 shares of the company’s stock valued at $11,331,000 after purchasing an additional 1,919 shares in the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in shares of Academy Sports and Outdoors in the second quarter valued at approximately $264,000. State of New Jersey Common Pension Fund D grew its holdings in Academy Sports and Outdoors by 17.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 44,865 shares of the company’s stock worth $2,010,000 after acquiring an additional 6,611 shares during the period. Alamar Capital Management LLC raised its position in Academy Sports and Outdoors by 14.9% in the second quarter. Alamar Capital Management LLC now owns 51,811 shares of the company’s stock worth $2,328,000 after acquiring an additional 6,706 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in Academy Sports and Outdoors in the second quarter valued at $467,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Loop Capital set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Barclays initiated coverage on shares of Academy Sports and Outdoors in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. UBS Group reissued a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Finally, Guggenheim restated a “buy” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, September 8th. 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 MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Stock Up 1.3%

Shares of NASDAQ ASO opened at $50.14 on Wednesday. The firm’s 50-day moving average is $50.64 and its two-hundred day moving average is $47.37. The company has a market capitalization of $3.34 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $61.25. 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 (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The company’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. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

Academy Sports and Outdoors Company 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.