Citigroup Inc. Has $8.13 Million Holdings in Academy Sports and Outdoors, Inc. $ASO

Citigroup Inc. boosted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 105.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,571 shares of the company’s stock after purchasing an additional 83,572 shares during the period. Citigroup Inc. owned about 0.24% of Academy Sports and Outdoors worth $8,132,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ASO. Huntington National Bank grew its position in shares of Academy Sports and Outdoors by 214.6% in the 2nd 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 last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after acquiring an additional 252 shares during the period. Hantz Financial Services Inc. boosted its holdings in Academy Sports and Outdoors by 117.8% in the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after acquiring an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 657 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Academy Sports and Outdoors by 15.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company’s stock valued at $85,000 after purchasing an additional 234 shares during the period.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 17,071 shares of Academy Sports and Outdoors stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $55.31, for a total transaction of $944,197.01. Following the completion of the transaction, the director directly owned 42,607 shares in the company, valued at $2,356,593.17. This trade represents a 28.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.62% of the company’s stock.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, December 9th. Bank of America boosted their target price on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Barclays lifted their price objective on Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Finally, Truist Financial set a $59.00 target price on Academy Sports and Outdoors in a research report on Wednesday, January 14th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $59.89.

Academy Sports and Outdoors Stock Down 1.7%

ASO stock opened at $60.13 on Monday. The stock’s 50 day simple moving average is $56.30 and its 200 day simple moving average is $52.10. The company has a market cap of $4.01 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.71. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders 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 annualized dividend and a yield of 0.9%. Academy Sports and Outdoors’s dividend payout ratio is presently 9.51%.

Academy Sports and Outdoors 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.