Rothschild Investment LLC Lowers Stock Position in Academy Sports and Outdoors, Inc. $ASO

Rothschild Investment LLC cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 16.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,870 shares of the company’s stock after selling 2,160 shares during the period. Rothschild Investment LLC’s holdings in Academy Sports and Outdoors were worth $487,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ASO. Semanteon Capital Management LP purchased a new stake in Academy Sports and Outdoors during the second quarter worth $280,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Academy Sports and Outdoors by 10.3% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 105,848 shares of the company’s stock worth $4,743,000 after acquiring an additional 9,890 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth $227,000. Kingsview Wealth Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth $2,721,000. Finally, Westwood Holdings Group Inc. boosted its position in Academy Sports and Outdoors by 5.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock valued at $94,557,000 after purchasing an additional 117,175 shares in the last quarter.

Academy Sports and Outdoors Stock Down 1.6%

NASDAQ:ASO opened at $42.46 on Wednesday. The company has a market cap of $2.83 billion, a PE ratio of 7.95, a P/E/G ratio of 0.87 and a beta of 1.27. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $61.25. 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’s 50 day moving average is $48.72 and its two-hundred day moving average is $48.29.

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

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th were given 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 yield of 1.2%. Academy Sports and Outdoors’s payout ratio is currently 9.74%.

Analyst Ratings Changes

A number of brokerages have commented on ASO. Evercore ISI boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, October 14th. Guggenheim reiterated a “buy” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Monness Crespi & Hardt assumed coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They set a “buy” rating and a $65.00 target price for the company. Cowen reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Finally, UBS Group reiterated a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $58.37.

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.