Bessemer Group Inc. Boosts Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Bessemer Group Inc. increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,551 shares of the company’s stock after acquiring an additional 14,830 shares during the period. Bessemer Group Inc. owned approximately 0.51% of Academy Sports and Outdoors worth $15,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Your Advocates Ltd. LLP boosted its stake in shares of Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. TD Private Client Wealth LLC raised its holdings in Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after acquiring an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors in the first quarter worth approximately $64,000. Nisa Investment Advisors LLC grew its holdings in Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after acquiring an additional 293 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Academy Sports and Outdoors by 280.0% in the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after purchasing an additional 1,221 shares during the last quarter.

Academy Sports and Outdoors Price Performance

ASO stock opened at $50.14 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.34 billion, a P/E ratio of 9.39, a PEG ratio of 0.99 and a beta of 1.28. The business has a 50 day simple moving average of $50.64 and a 200-day simple moving average of $47.37. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $61.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.32). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company earned $2.03 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s payout ratio is presently 9.74%.

Analysts Set New Price Targets

A number of brokerages recently commented on ASO. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. UBS Group reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research report on Monday, July 21st. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They set a “buy” rating and a $65.00 target price for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.