10,722 Academy Sports and Outdoors, Inc. $ASO Shares Acquired by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. raised its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,769 shares of the company’s stock after purchasing an additional 10,722 shares during the quarter. Academy Sports and Outdoors comprises about 2.7% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 12th biggest position. Greatmark Investment Partners Inc.’s holdings in Academy Sports and Outdoors were worth $25,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Academy Sports and Outdoors by 52.1% in the third quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock valued at $35,000 after purchasing an additional 252 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its stake in Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after acquiring an additional 258 shares during the period. State of Wyoming acquired a new stake in Academy Sports and Outdoors during the second quarter worth about $55,000. Finally, Signaturefd LLC lifted its holdings in Academy Sports and Outdoors by 181.8% in the third quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock worth $92,000 after acquiring an additional 1,240 shares during the last quarter.

Insider Activity

In other Academy Sports and Outdoors news, Director Brian Marley sold 10,432 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the transaction, the director owned 32,607 shares of the company’s stock, valued at $1,736,322.75. The trade was a 24.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the transaction, the president owned 36,861 shares in the company, valued at $1,909,031.19. This represents a 65.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 106,315 shares of company stock worth $5,576,537. Company insiders own 4.08% of the company’s stock.

Academy Sports and Outdoors Stock Down 1.9%

NASDAQ ASO opened at $59.20 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 9.87, a PEG ratio of 0.84 and a beta of 0.98. Academy Sports and Outdoors, Inc. has a 12 month low of $41.29 and a 12 month high of $62.44. The company’s 50 day simple moving average is $51.36 and its 200 day simple moving average is $52.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.07 by $0.24. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company posted $1.94 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.24 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.00%.

Wall Street Analyst Weigh In

ASO has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Barclays upped their target price on Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, September 10th. Weiss Ratings upgraded Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Truist Financial increased their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Finally, UBS Group upped their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.54.

Read Our Latest Research Report on ASO

About Academy Sports and Outdoors

(Free Report)

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.

See Also

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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