Entropy Technologies LP Increases Position in Academy Sports and Outdoors, Inc. $ASO

Entropy Technologies LP increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 318.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,902 shares of the company’s stock after buying an additional 22,752 shares during the quarter. Entropy Technologies LP’s holdings in Academy Sports and Outdoors were worth $1,494,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its holdings in shares of Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 281 shares during the last quarter. Huntington National Bank grew its holdings in shares of Academy Sports and Outdoors by 47.3% during the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after buying an additional 326 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at $51,000. Advisory Services Network LLC purchased a new stake in shares of Academy Sports and Outdoors during the third quarter valued at $61,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after buying an additional 657 shares during the last quarter.

Analyst Ratings Changes

ASO has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. Guggenheim boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Truist Financial decreased their target price on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, April 8th. Finally, Stephens started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.94.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the director owned 7,835 shares in the company, valued at approximately $470,100. This represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Trading Down 3.5%

NASDAQ ASO opened at $49.25 on Tuesday. The company has a market capitalization of $3.05 billion, a PE ratio of 8.67, a P/E/G ratio of 0.74 and a beta of 1.04. The company has a fifty day moving average of $53.87 and a 200 day moving average of $54.82. Academy Sports and Outdoors, Inc. has a 1 year low of $41.29 and a 1 year high of $62.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. 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 6.07 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be given a $0.15 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio is 10.56%.

Academy Sports and Outdoors Company Profile

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.