Cwm LLC Has $479,000 Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Cwm LLC grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 174.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,689 shares of the company’s stock after buying an additional 6,801 shares during the quarter. Cwm LLC’s holdings in Academy Sports and Outdoors were worth $479,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASO. GAMMA Investing LLC increased its stake in shares of Academy Sports and Outdoors by 125.4% in the first quarter. GAMMA Investing LLC now owns 2,802 shares of the company’s stock valued at $128,000 after buying an additional 1,559 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Academy Sports and Outdoors by 2.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,905 shares of the company’s stock valued at $1,410,000 after buying an additional 691 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Academy Sports and Outdoors by 4.4% in the first quarter. Bessemer Group Inc. now owns 325,721 shares of the company’s stock valued at $14,856,000 after buying an additional 13,761 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Academy Sports and Outdoors by 12.0% in the first quarter. Illinois Municipal Retirement Fund now owns 38,987 shares of the company’s stock valued at $1,778,000 after buying an additional 4,188 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Academy Sports and Outdoors by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock valued at $299,000 after buying an additional 283 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $47.70 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $61.25. The stock has a market cap of $3.18 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The stock’s 50-day moving average price is $50.78 and its two-hundred day moving average price is $47.07.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted $2.03 EPS. Academy Sports and Outdoors’s quarterly revenue was up 3.3% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 11th. Academy Sports and Outdoors’s payout ratio is 9.74%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group restated a “neutral” rating and issued a $52.00 target price on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Truist Financial raised their price target on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a report on Monday, July 21st. Barclays initiated coverage on Academy Sports and Outdoors in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 price target on the stock. Finally, Citigroup cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $50.00 in a report on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.37.

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.