Envestnet Asset Management Inc. Boosts Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Envestnet Asset Management Inc. boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 0.8% in the second quarter, Holdings Channel.com reports. The firm owned 252,857 shares of the company’s stock after acquiring an additional 1,919 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Academy Sports and Outdoors were worth $11,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Academy Sports and Outdoors by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock valued at $299,000 after buying an additional 283 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Academy Sports and Outdoors by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 345,718 shares of the company’s stock worth $15,768,000 after purchasing an additional 4,279 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of 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 worth $53,000 after purchasing an additional 362 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 13.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 9,292 shares of the company’s stock worth $424,000 after purchasing an additional 1,124 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Academy Sports and Outdoors by 9.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 10,517 shares of the company’s stock valued at $480,000 after purchasing an additional 909 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on ASO. Barclays began coverage on shares of Academy Sports and Outdoors in a report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Academy Sports and Outdoors in a research report on Thursday, October 30th. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research note 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, Guggenheim reissued a “buy” rating and issued a $60.00 target price 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Stock Down 0.6%

Shares of NASDAQ:ASO opened at $45.77 on Friday. 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 company 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, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. The stock’s fifty day simple moving average is $49.60 and its 200-day simple moving average is $47.92.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 11th. 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.