Academy Sports and Outdoors, Inc. $ASO Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,374,723 shares of the company’s stock after selling 60,050 shares during the period. King Luther Capital Management Corp owned approximately 2.23% of Academy Sports and Outdoors worth $66,110,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Academy Sports and Outdoors by 52.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock worth $35,000 after purchasing an additional 252 shares during the period. Heritage Family Offices LLP purchased a new position in Academy Sports and Outdoors in the third quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors in the second quarter valued at about $38,000. EverSource Wealth Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Academy Sports and Outdoors during the second quarter worth about $55,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ASO shares. Cantor Fitzgerald began coverage on Academy Sports and Outdoors in a research note on Monday. They issued an “overweight” rating and a $89.00 target price for the company. Barclays boosted their price target on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. Weiss Ratings upgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, November 3rd. Telsey Advisory Group increased their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. Finally, Wells Fargo & Company raised shares of Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average price target of $61.27.

Academy Sports and Outdoors Stock Down 1.5%

Shares of Academy Sports and Outdoors stock opened at $69.32 on Thursday. The business has a 50-day moving average of $55.07 and a 200-day moving average of $53.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. The company has a market capitalization of $4.27 billion, a PE ratio of 11.55, a P/E/G ratio of 0.98 and a beta of 0.94. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $71.29.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.60 annualized dividend and a yield of 0.9%. Academy Sports and Outdoors’s payout ratio is currently 10.00%.

Insider Buying and Selling

In other news, Director Brian T. Marley sold 10,432 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director directly owned 32,607 shares in the company, valued at approximately $1,736,322.75. This represents a 24.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Samuel Johnson sold 70,303 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the sale, the president directly owned 36,861 shares of the company’s stock, valued at $1,909,031.19. The trade was a 65.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 106,315 shares of company stock worth $5,576,537. 4.08% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc. is a sporting goods and outdoor recreation retailer that sells products through its stores and e-commerce platform. Its merchandise includes sports and fitness equipment, outdoor and camping gear, hunting and fishing supplies, apparel, footwear and recreation products. The company serves customers primarily in the southern and eastern United States through a network of retail locations. Its stores offer products for a range of sports and outdoor activities, as well as items for everyday use.