Academy Sports and Outdoors, Inc. $ASO is Greatmark Investment Partners Inc.’s 10th Largest Position

Greatmark Investment Partners Inc. increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,950 shares of the company’s stock after acquiring an additional 10,910 shares during the quarter. Academy Sports and Outdoors makes up 3.1% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 10th largest position. Greatmark Investment Partners Inc. owned approximately 0.78% of Academy Sports and Outdoors worth $25,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. LSV Asset Management boosted its stake in shares of Academy Sports and Outdoors by 43.0% during the second quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock valued at $139,798,000 after purchasing an additional 937,449 shares during the period. Norges Bank bought a new stake in Academy Sports and Outdoors during the 2nd quarter valued at $34,228,000. William Blair Investment Management LLC boosted its position in Academy Sports and Outdoors by 45.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after buying an additional 448,582 shares during the period. Hood River Capital Management LLC boosted its position in Academy Sports and Outdoors by 125.0% during the 2nd quarter. Hood River Capital Management LLC now owns 782,742 shares of the company’s stock valued at $35,075,000 after buying an additional 434,894 shares during the period. Finally, American Century Companies Inc. grew its holdings in Academy Sports and Outdoors by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock worth $91,926,000 after acquiring an additional 376,027 shares during the last quarter.

Academy Sports and Outdoors Stock Down 0.4%

Shares of NASDAQ:ASO opened at $56.82 on Friday. The firm has a market capitalization of $3.79 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.09 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.71. The stock has a 50 day moving average price of $51.94 and a 200-day moving average price of $51.12. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $59.49.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.51%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 17,071 shares of Academy Sports and Outdoors stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $55.31, for a total transaction of $944,197.01. Following the completion of the transaction, the director directly owned 42,607 shares of the company’s stock, valued at $2,356,593.17. This trade represents a 28.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI increased their target price on shares of 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. Truist Financial set a $59.00 price target on Academy Sports and Outdoors in a research report on Wednesday, January 14th. Morgan Stanley increased their price objective on Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. UBS Group boosted their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research note on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.89.

Academy Sports and Outdoors Company Profile

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.