Campbell & CO Investment Adviser LLC Lowers Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Campbell & CO Investment Adviser LLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 57.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,178 shares of the company’s stock after selling 15,281 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Academy Sports and Outdoors were worth $501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jefferies Financial Group Inc. bought a new position in Academy Sports and Outdoors during the 1st quarter worth about $351,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Academy Sports and Outdoors by 35.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 751,872 shares of the company’s stock valued at $34,293,000 after purchasing an additional 195,490 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of Academy Sports and Outdoors by 110.6% during the first quarter. Heartland Advisors Inc. now owns 147,450 shares of the company’s stock valued at $6,725,000 after purchasing an additional 77,450 shares in the last quarter. Magnetar Financial LLC purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $1,294,000. Finally, Brandywine Global Investment Management LLC bought a new position in Academy Sports and Outdoors in the first quarter worth approximately $11,396,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASO. Truist Financial increased their target price on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. UBS Group reiterated a “neutral” rating and issued a $52.00 target price on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Barclays initiated coverage on shares of Academy Sports and Outdoors in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 price target for the company. Finally, Evercore ISI lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.37.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $44.72 on Friday. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $61.25. The company has a market cap of $2.98 billion, a PE ratio of 8.37, a P/E/G ratio of 0.90 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The business has a 50-day simple moving average of $48.99 and a two-hundred day simple moving average of $48.16.

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

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.13 per share. 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 1.2%. Academy Sports and Outdoors’s payout ratio is 9.74%.

Academy Sports and Outdoors Company 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.