29,600 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the first quarter, Holdings Channel reports. The firm purchased 29,600 shares of the company’s stock, valued at approximately $1,671,000.

Several other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its position in shares of Academy Sports and Outdoors by 139.8% in the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 281 shares during the period. Huntington National Bank boosted 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 worth $51,000 after purchasing an additional 326 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth about $51,000. Advisory Services Network LLC bought a new stake in shares of Academy Sports and Outdoors in the third quarter worth about $61,000. Finally, Clearstead Advisors LLC increased its holdings in Academy Sports and Outdoors by 192.6% during the 4th quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after purchasing an additional 863 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $47.25 on Thursday. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average price is $51.91 and its 200-day moving average price is $54.74. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $62.44. The stock has a market cap of $2.93 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.68 and a beta of 1.05.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 10.56%.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. The Goldman Sachs Group dropped their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. Stephens assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price objective for the company. Truist Financial dropped 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.94.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction that occurred on 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 sale, the director directly owned 7,835 shares in the company, valued at $470,100. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.62% of the stock is currently owned by insiders.

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.