Academy Sports and Outdoors, Inc. $ASO Shares Sold by EMC Capital Management

EMC Capital Management trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 46.8% in the second quarter, HoldingsChannel reports. The firm owned 3,699 shares of the company’s stock after selling 3,260 shares during the period. EMC Capital Management’s holdings in Academy Sports and Outdoors were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Academy Sports and Outdoors by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company’s stock valued at $175,438,000 after buying an additional 147,395 shares during the last quarter. 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 acquiring an additional 937,449 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Academy Sports and Outdoors by 5.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after purchasing an additional 117,175 shares in the last quarter. American Century Companies Inc. increased its position in Academy Sports and Outdoors by 33.7% during the 1st quarter. American Century Companies Inc. now owns 1,675,428 shares of the company’s stock worth $76,416,000 after purchasing an additional 422,729 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Academy Sports and Outdoors by 45.2% in 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 purchasing an additional 448,582 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ASO shares. Barclays assumed coverage on shares of Academy Sports and Outdoors in a report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 price target for the company. UBS Group restated a “neutral” rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Wells Fargo & Company reaffirmed a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Evercore ISI increased their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Finally, Guggenheim restated a “buy” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average target price of $58.37.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $42.46 on Wednesday. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25. 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 company has a 50 day moving average price of $48.72 and a 200 day moving average price of $48.29. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.27.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business 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. Sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.74%.

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.