Vanguard Personalized Indexing Management LLC Acquires 288 Shares of Academy Sports and Outdoors, Inc. $ASO

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,631 shares of the company’s stock after purchasing an additional 288 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Academy Sports and Outdoors were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Academy Sports and Outdoors by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 345,718 shares of the company’s stock valued at $15,768,000 after buying an additional 4,279 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Academy Sports and Outdoors by 4.6% in the 1st 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 during the last quarter. Jefferies Financial Group Inc. acquired a new position in Academy Sports and Outdoors in the 1st quarter valued at $351,000. Peregrine Capital Management LLC grew its stake in Academy Sports and Outdoors by 14.0% in the 1st quarter. Peregrine Capital Management LLC now owns 153,807 shares of the company’s stock valued at $7,015,000 after buying an additional 18,937 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Academy Sports and Outdoors by 4.4% in the 1st 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 during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ASO shares. Barclays started coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 target price on the stock. Evercore ISI raised their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research note on Tuesday, October 14th. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company restated a “positive” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $47.70 on Friday. The company has a 50-day moving average of $50.78 and a 200-day moving average of $47.07. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.98 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $61.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.Academy Sports and Outdoors’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, equities research analysts anticipate 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 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.74%.

About Academy Sports and Outdoors

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.