Deprince Race & Zollo Inc. bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 193,450 shares of the company’s stock, valued at approximately $10,920,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ASO. Salomon & Ludwin LLC raised its holdings in Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Huntington National Bank grew its position in Academy Sports and Outdoors by 47.3% during the 3rd quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after purchasing an additional 326 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at approximately $51,000. Advisory Services Network LLC purchased a new position in shares of Academy Sports and Outdoors in the third quarter worth $61,000. Finally, Clearstead Advisors LLC raised its position in Academy Sports and Outdoors by 192.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after buying an additional 863 shares during the last quarter.
Insider Transactions at Academy Sports and Outdoors
In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director owned 7,835 shares in the company, valued at $470,100. This represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.62% of the company’s stock.
Academy Sports and Outdoors Stock Up 1.2%
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current year.
Academy Sports and Outdoors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is currently 10.56%.
Wall Street Analysts Forecast Growth
ASO has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lowered their price target on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Truist Financial dropped their price target on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Finally, Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.
Get Our Latest Stock Report on Academy Sports and Outdoors
About Academy Sports and Outdoors
Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.
The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.
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Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report).
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