Academy Sports and Outdoors, Inc. $ASO Shares Purchased by Creative Planning

Creative Planning raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 37.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,816 shares of the company’s stock after purchasing an additional 10,653 shares during the quarter. Creative Planning owned about 0.06% of Academy Sports and Outdoors worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ASO. Huntington National Bank grew its holdings in Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after buying an additional 470 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Academy Sports and Outdoors in the first quarter worth $64,000. US Bancorp DE increased its holdings in shares of Academy Sports and Outdoors by 280.0% during the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after purchasing an additional 1,221 shares during the period. Strs Ohio bought a new stake in shares of Academy Sports and Outdoors during the first quarter valued at about $128,000. Finally, Cetera Trust Company N.A lifted its holdings in Academy Sports and Outdoors by 22.1% in the second quarter. Cetera Trust Company N.A now owns 3,345 shares of the company’s stock worth $150,000 after purchasing an additional 605 shares during the period.

Analyst Upgrades and Downgrades

ASO has been the topic of several research analyst reports. Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They set a “buy” rating and a $65.00 price objective on the stock. Evercore ISI upped their target price on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 14th. Truist Financial increased their price target on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Finally, UBS Group reissued a “neutral” rating and issued a $52.00 price objective on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $48.22 on Thursday. The company has a market capitalization of $3.21 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The stock has a fifty day moving average of $48.44 and a 200-day moving average of $48.47. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25.

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 during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, September 11th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio 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.