Tabor Asset Management LP Lowers Stock Position in Academy Sports and Outdoors, Inc. $ASO

Tabor Asset Management LP decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 23.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,869 shares of the company’s stock after selling 7,572 shares during the period. Tabor Asset Management LP’s holdings in Academy Sports and Outdoors were worth $1,114,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Huntington National Bank grew its holdings in shares of Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after buying an additional 470 shares in the last quarter. 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 in the last quarter. TD Private Client Wealth LLC boosted its position in Academy Sports and Outdoors by 45.6% during the first 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 last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Academy Sports and Outdoors during the 1st quarter valued at about $64,000. Finally, Nisa Investment Advisors LLC raised its holdings in Academy Sports and Outdoors by 25.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after acquiring an additional 293 shares during the last quarter.

Academy Sports and Outdoors Trading Down 0.6%

ASO opened at $45.77 on Friday. The firm’s 50 day moving average is $49.60 and its 200-day moving average is $47.85. 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 quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.05 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.92 and a beta of 1.27.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.32). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. Academy Sports and Outdoors’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. Analysts expect 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 announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.74%.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Citigroup lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Barclays started coverage on Academy Sports and Outdoors in a research note on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 price objective on the stock. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research note on Monday, July 21st. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a report on Monday, August 4th. They set a “buy” rating and a $65.00 price target on the stock. Finally, UBS Group reissued a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.37.

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.