Maryland State Retirement & Pension System Has $478,000 Holdings in Academy Sports and Outdoors, Inc. $ASO

Maryland State Retirement & Pension System cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 51.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,557 shares of the company’s stock after selling 9,994 shares during the period. Maryland State Retirement & Pension System’s holdings in Academy Sports and Outdoors were worth $478,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank boosted its stake in Academy Sports and Outdoors by 214.6% in the second quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after purchasing an additional 470 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 32.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after buying an additional 252 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 worth $62,000 after acquiring an additional 657 shares during the last quarter. Strs Ohio acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at about $128,000. Finally, Lazard Asset Management LLC raised its stake in shares of Academy Sports and Outdoors by 12.4% in the second quarter. Lazard Asset Management LLC now owns 3,270 shares of the company’s stock worth $146,000 after acquiring an additional 360 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ASO. Truist Financial set a $59.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, January 14th. Bank of America increased their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Evercore ISI upped their price target on 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, December 9th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average price target of $59.89.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 3,500 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $55.01, for a total value of $192,535.00. Following the sale, the director directly owned 39,107 shares in the company, valued at approximately $2,151,276.07. This trade represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Stock Down 0.4%

NASDAQ:ASO opened at $56.82 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $59.49. The stock’s fifty day simple moving average is $51.94 and its 200-day simple moving average is $51.11. The firm has a market capitalization of $3.79 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.09 and a beta of 1.25.

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

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 18th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a yield of 0.9%. Academy Sports and Outdoors’s payout ratio is currently 9.51%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.