Stephens Investment Management Group LLC Decreases Holdings in Academy Sports and Outdoors, Inc. $ASO

Posted by George Bondi on Jul 5th, 2026

Stephens Investment Management Group LLC reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 18.6% in the 1st quarter, HoldingsChannel reports. The fund owned 1,004,905 shares of the company’s stock after selling 228,929 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Academy Sports and Outdoors were worth $56,727,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Academy Sports and Outdoors by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,957,374 shares of the company’s stock worth $197,708,000 after acquiring an additional 77,470 shares in the last quarter. State Street Corp lifted its stake in Academy Sports and Outdoors by 2.2% in the fourth quarter. State Street Corp now owns 2,715,677 shares of the company’s stock valued at $136,028,000 after buying an additional 59,446 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock valued at $100,261,000 after acquiring an additional 5,933 shares during the period. Morgan Stanley boosted its holdings in shares of Academy Sports and Outdoors by 19.5% in the fourth quarter. Morgan Stanley now owns 1,610,782 shares of the company’s stock valued at $80,475,000 after acquiring an additional 263,267 shares during the period. Finally, King Luther Capital Management Corp grew its position in Academy Sports and Outdoors by 12.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock worth $78,591,000 after purchasing an additional 176,463 shares during the last quarter.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Truist Financial decreased their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Stephens initiated coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Get Our Latest Analysis on Academy Sports and Outdoors

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $47.84 on Friday. Academy Sports and Outdoors, Inc. has a 1 year low of $41.29 and a 1 year high of $62.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The stock has a fifty day moving average price of $51.50 and a two-hundred day moving average price of $54.64. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.69 and a beta of 1.05.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last issued its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, June 18th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Academy Sports and Outdoors’s payout ratio is currently 10.56%.

Insider Buying and Selling

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 shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the transaction, the director directly owned 7,835 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors 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.