Academy Sports and Outdoors, Inc. $ASO Shares Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 13.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 109,161 shares of the company’s stock after purchasing an additional 12,686 shares during the period. Academy Sports and Outdoors accounts for approximately 0.7% of Aviance Capital Partners LLC’s portfolio, making the stock its 26th biggest holding. Aviance Capital Partners LLC owned approximately 0.17% of Academy Sports and Outdoors worth $6,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASO. Boston Partners boosted its position in Academy Sports and Outdoors by 85.5% during the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock worth $65,416,000 after acquiring an additional 600,335 shares during the last quarter. Norges Bank acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $29,301,000. Invesco Ltd. grew its position in shares of Academy Sports and Outdoors by 128.2% in the fourth quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock valued at $41,655,000 after purchasing an additional 468,457 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Academy Sports and Outdoors by 219.8% in the second quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock valued at $22,452,000 after purchasing an additional 344,376 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of Academy Sports and Outdoors by 6,156.4% in the third quarter. Voloridge Investment Management LLC now owns 344,788 shares of the company’s stock valued at $17,246,000 after purchasing an additional 339,277 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stephens began coverage on Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price objective on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. The Goldman Sachs Group reduced their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. UBS Group lowered their price target on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Finally, Truist Financial dropped their price objective on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Academy Sports and Outdoors Stock Down 0.5%

Shares of ASO opened at $48.39 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. Academy Sports and Outdoors, Inc. has a 12-month low of $41.29 and a 12-month high of $62.44. The company’s 50-day moving average price is $49.87 and its 200 day moving average price is $54.22. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. Academy Sports and Outdoors’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Academy Sports and Outdoors’s payout ratio is presently 10.56%.

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.