Legal & General Group Plc Lowers Stake in Academy Sports and Outdoors, Inc. $ASO

Posted by George Bondi on Jun 5th, 2026

Legal & General Group Plc reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,819 shares of the company’s stock after selling 19,171 shares during the period. Legal & General Group Plc owned 0.27% of Academy Sports and Outdoors worth $8,884,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its position in Academy Sports and Outdoors by 139.8% during the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 281 shares during the period. Huntington National Bank lifted 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 acquiring an additional 326 shares during the period. Bayforest Capital Ltd purchased a new position in Academy Sports and Outdoors during the 4th quarter valued at about $51,000. Hantz Financial Services Inc. lifted its position in Academy Sports and Outdoors by 117.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after acquiring an additional 602 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Academy Sports and Outdoors during the 3rd quarter valued at about $61,000.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares in the company, valued at $470,100. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.62% of the company’s stock.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of recent research reports. Stephens initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Jefferies Financial Group restated a “buy” rating and set a $61.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Finally, B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.87.

Read Our Latest Report on Academy Sports and Outdoors

Academy Sports and Outdoors Stock Down 1.3%

NASDAQ:ASO opened at $51.10 on Friday. The firm has a market cap of $3.30 billion, a P/E ratio of 9.19, a P/E/G ratio of 0.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.44 and a current ratio of 1.89. Academy Sports and Outdoors, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The firm has a 50-day simple moving average of $54.46 and a two-hundred day simple moving average of $54.47.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 earnings per share. Analysts predict that Academy Sports and Outdoors, Inc. will post 5.93 earnings per share for the current fiscal year.

Academy Sports and Outdoors Company Profile

(Free Report)

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.