Academy Sports and Outdoors, Inc. $ASO Stock: State of Alaska Department of Revenue Trims Stake

State of Alaska Department of Revenue decreased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 51.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,419 shares of the company’s stock after selling 10,825 shares during the period. State of Alaska Department of Revenue’s holdings in Academy Sports and Outdoors were worth $501,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Academy Sports and Outdoors during the 2nd quarter valued at about $468,146,000. Dimensional Fund Advisors LP grew its stake in shares of Academy Sports and Outdoors by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock worth $227,439,000 after acquiring an additional 71,888 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Academy Sports and Outdoors during the second quarter valued at approximately $61,207,000. Bank of New York Mellon Corp purchased a new position in shares of Academy Sports and Outdoors during the second quarter valued at approximately $27,742,000. Finally, Heartland Advisors Inc. bought a new position in Academy Sports and Outdoors during the second quarter valued at approximately $26,579,000.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $60.33 on Friday. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $62.44. The firm has a market capitalization of $3.72 billion, a P/E ratio of 10.05, a PEG ratio of 0.84 and a beta of 0.98. The company has a quick ratio of 0.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $50.04 and a 200-day moving average price of $50.79.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.24. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.24 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were given a $0.15 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.60 annualized dividend and a yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ASO shares. Barclays raised their target price on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Wells Fargo & Company upgraded shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Telsey Advisory Group boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, September 10th. Weiss Ratings raised Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. Finally, UBS Group raised their price target on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.54.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 10,432 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the sale, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. This represents a 24.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Samuel Johnson sold 70,303 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the transaction, the president directly owned 36,861 shares in the company, valued at approximately $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,315 shares of company stock worth $5,576,537 in the last quarter. Corporate insiders own 4.08% of the company’s stock.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.