Northwestern Mutual Wealth Management Co. Purchases New Position in Academy Sports and Outdoors, Inc. $ASO

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,396 shares of the company’s stock, valued at approximately $64,000.

Several other institutional investors also recently bought and sold shares of ASO. Westwood Holdings Group Inc. raised its position in Academy Sports and Outdoors by 36.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock valued at $90,901,000 after acquiring an additional 528,367 shares in the last quarter. American Century Companies Inc. grew its holdings in Academy Sports and Outdoors by 33.7% in the first quarter. American Century Companies Inc. now owns 1,675,428 shares of the company’s stock valued at $76,416,000 after purchasing an additional 422,729 shares during the period. Nuveen LLC acquired a new stake in Academy Sports and Outdoors in the first quarter valued at approximately $13,453,000. Brandywine Global Investment Management LLC acquired a new stake in Academy Sports and Outdoors in the first quarter valued at approximately $11,396,000. Finally, LSV Asset Management grew its holdings 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 valued at $99,537,000 after purchasing an additional 242,300 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on ASO. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a report on Monday, July 21st. Truist Financial raised their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday. Bank of America dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. raised their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.71.

Academy Sports and Outdoors Stock Up 1.6%

Shares of ASO opened at $50.86 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 1.64. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.61. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.02 and a beta of 1.30. The stock has a 50 day moving average price of $51.89 and a 200 day moving average price of $46.30.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors’s payout ratio is 9.74%.

Insiders Place Their Bets

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

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.