Deutsche Bank AG Sells 5,571 Shares of Academy Sports and Outdoors, Inc. $ASO

Deutsche Bank AG reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,761 shares of the company’s stock after selling 5,571 shares during the quarter. Deutsche Bank AG owned 0.09% of Academy Sports and Outdoors worth $2,771,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Academy Sports and Outdoors by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock valued at $212,807,000 after buying an additional 404,863 shares during the last quarter. LSV Asset Management lifted its stake in Academy Sports and Outdoors by 12.5% in the first quarter. LSV Asset Management now owns 2,182,341 shares of the company’s stock worth $99,537,000 after acquiring an additional 242,300 shares during the period. Westwood Holdings Group Inc. raised its holdings in Academy Sports and Outdoors by 36.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock worth $90,901,000 after purchasing an additional 528,367 shares in the last quarter. Royce & Associates LP boosted its position in shares of Academy Sports and Outdoors by 8.4% in the 1st quarter. Royce & Associates LP now owns 1,273,158 shares of the company’s stock worth $58,069,000 after purchasing an additional 98,582 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Academy Sports and Outdoors by 6.8% during the fourth quarter. Northern Trust Corp now owns 774,911 shares of the company’s stock valued at $44,581,000 after acquiring an additional 49,106 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a report on Monday, August 4th. They issued a “buy” rating and a $65.00 price objective on the stock. Bank of America dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a research note on Monday, July 21st. UBS Group reduced their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, June 4th. Finally, Morgan Stanley dropped their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.24.

Academy Sports and Outdoors Price Performance

ASO stock opened at $52.60 on Wednesday. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61. The stock has a 50-day simple moving average of $49.93 and a 200-day simple moving average of $46.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The firm has a market cap of $3.50 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.56%.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director owned 7,084 shares in the company, valued at approximately $315,096.32. The trade was a 38.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.62% of the stock is owned by insiders.

Academy Sports and Outdoors 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.