Pinnacle Holdings LLC Makes New $1.35 Million Investment in Academy Sports and Outdoors, Inc. $ASO

Pinnacle Holdings LLC purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,738 shares of the company’s stock, valued at approximately $1,354,000.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors in the second quarter valued at about $38,000. Callan Family Office LLC acquired a new position in Academy Sports and Outdoors during the second quarter worth about $548,000. Heartland Advisors Inc. acquired a new position in Academy Sports and Outdoors during the second quarter worth about $26,579,000. Ceredex Value Advisors LLC purchased a new position in Academy Sports and Outdoors in the second quarter valued at about $9,348,000. Finally, Great Lakes Advisors LLC purchased a new position in Academy Sports and Outdoors in the second quarter valued at about $678,000.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $45.83 on Monday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.66 and a beta of 1.06. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $48.12 and a 200 day moving average price of $52.95. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Research analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.56%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASO. Weiss Ratings lowered Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. 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 price objective for the company. Truist Financial reduced their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, June 10th. Barclays reduced their price objective on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Finally, The Goldman Sachs Group lowered 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 equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.07.

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.