Academy Sports and Outdoors, Inc. $ASO Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1,715.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,745 shares of the company’s stock after buying an additional 12,043 shares during the period. AlphaQuest LLC’s holdings in Academy Sports and Outdoors were worth $638,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank increased its position 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 worth $31,000 after purchasing an additional 470 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after purchasing an additional 252 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after purchasing an additional 657 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Academy Sports and Outdoors by 15.9% in the third quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company’s stock worth $85,000 after purchasing an additional 234 shares in the last quarter. Finally, Strs Ohio bought a new stake in Academy Sports and Outdoors in the first quarter valued at about $128,000.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $59.53 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32. The firm has a market capitalization of $3.97 billion, a PE ratio of 10.88, a P/E/G ratio of 1.03 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $60.32. The business’s fifty day moving average price is $53.86 and its two-hundred day moving average price is $51.36.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.06 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter 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. On average, research analysts expect 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, January 15th. Shareholders of record on Thursday, December 18th were paid a $0.13 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.51%.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Friday, January 2nd. Evercore ISI upped their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Tuesday, October 14th. Barclays raised their price objective on Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 10th. Truist Financial set a $59.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, January 14th. Finally, Bank of America increased their target price on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.89.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $55.01, for a total transaction of $192,535.00. Following the completion of the transaction, the director directly owned 39,107 shares in the company, valued at approximately $2,151,276.07. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.62% of the company’s stock.

About Academy Sports and Outdoors

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.