Academy Sports and Outdoors, Inc. $ASO Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 16.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,870 shares of the company’s stock after selling 2,160 shares during the quarter. Rothschild Investment LLC’s holdings in Academy Sports and Outdoors were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CWM LLC increased its stake in shares of Academy Sports and Outdoors by 7.3% in the first quarter. CWM LLC now owns 3,888 shares of the company’s stock worth $177,000 after acquiring an additional 266 shares during the period. Victory Capital Management Inc. boosted its holdings in Academy Sports and Outdoors by 2.0% in the first quarter. Victory Capital Management Inc. now owns 77,487 shares of the company’s stock valued at $3,534,000 after purchasing an additional 1,519 shares during the last quarter. Choreo LLC boosted its holdings in Academy Sports and Outdoors by 76.2% in the first quarter. Choreo LLC now owns 8,459 shares of the company’s stock valued at $387,000 after purchasing an additional 3,657 shares during the last quarter. Madison Asset Management LLC acquired a new stake in Academy Sports and Outdoors during the 1st quarter worth about $205,000. Finally, Royce & Associates LP raised its stake in shares of Academy Sports and Outdoors by 8.4% during the 1st quarter. Royce & Associates LP now owns 1,273,158 shares of the company’s stock valued at $58,069,000 after buying an additional 98,582 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on ASO. Weiss Ratings reissued a “hold (c+)” rating on shares of Academy Sports and Outdoors in a report on Thursday, October 30th. 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. Truist Financial upped their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company reaffirmed a “positive” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Finally, Evercore ISI increased their price target on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $58.37.

Academy Sports and Outdoors Trading Down 1.6%

Shares of ASO stock opened at $42.46 on Wednesday. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $61.25. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. The stock has a 50 day simple moving average of $48.72 and a 200-day simple moving average of $48.29.

Academy Sports and Outdoors (NASDAQ:ASO) last released 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). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates 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 was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, equities research 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 business 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 of this dividend was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s payout ratio is currently 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.