Caxton Associates LLP Invests $1.51 Million in Academy Sports and Outdoors, Inc. $ASO

Caxton Associates LLP purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,754 shares of the company’s stock, valued at approximately $1,513,000. Caxton Associates LLP owned 0.05% of Academy Sports and Outdoors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASO. Huntington National Bank boosted its position in shares of Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company’s stock valued at $31,000 after buying an additional 470 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Academy Sports and Outdoors in the 1st quarter valued at $64,000. US Bancorp DE grew its position in Academy Sports and Outdoors by 280.0% in the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after acquiring an additional 1,221 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Academy Sports and Outdoors in the first quarter worth $128,000.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $54.76 on Tuesday. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $61.25. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.65 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30. The company’s 50 day moving average is $48.79 and its 200 day moving average is $49.23.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 18th. Academy Sports and Outdoors’s payout ratio is 9.51%.

Analysts Set New Price Targets

ASO has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Evercore ISI boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Tuesday, October 14th. Wells Fargo & Company restated a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Finally, Citigroup downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $50.00 in a report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and an average price target of $59.42.

Insider Activity at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $55.01, for a total transaction of $192,535.00. Following the sale, the director directly owned 39,107 shares of the company’s stock, valued at $2,151,276.07. This trade represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.