King Luther Capital Management Corp Sells 84,753 Shares of Academy Sports and Outdoors, Inc. $ASO

King Luther Capital Management Corp trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456,621 shares of the company’s stock after selling 84,753 shares during the period. King Luther Capital Management Corp owned approximately 2.19% of Academy Sports and Outdoors worth $65,271,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ASO. Huntington National Bank raised its holdings in shares of Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock valued at $31,000 after purchasing an additional 470 shares during the period. Your Advocates Ltd. LLP increased its position in Academy Sports and Outdoors by 101.5% during 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 during the last quarter. TD Private Client Wealth LLC raised its stake in Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after buying an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors in the first quarter valued at approximately $64,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after acquiring an additional 293 shares during the period.

Analysts Set New Price Targets

Several equities analysts have commented on ASO shares. Barclays started coverage on shares of Academy Sports and Outdoors in a report on Tuesday, September 30th. They issued 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 note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Evercore ISI boosted their price objective on 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. Finally, Monness Crespi & Hardt initiated coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They set a “buy” rating and a $65.00 target price on the stock. 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, Academy Sports and Outdoors currently has a consensus rating of “Hold” and an average target price of $58.37.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $45.77 on Friday. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.92 and a beta of 1.27. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $61.25. The business’s 50-day moving average price is $49.60 and its 200-day moving average price is $47.92.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly 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). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $2.03 EPS. The company’s quarterly revenue 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 research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.52 annualized dividend and a yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio is presently 9.74%.

About Academy Sports and Outdoors

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.