Dimensional Fund Advisors LP Buys 46,305 Shares of Academy Sports and Outdoors, Inc. $ASO

Dimensional Fund Advisors LP lifted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,879,904 shares of the company’s stock after acquiring an additional 46,305 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.82% of Academy Sports and Outdoors worth $194,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Huntington National Bank grew 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 valued at $31,000 after purchasing an additional 470 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of 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 purchasing an additional 252 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Academy Sports and Outdoors by 117.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after buying an additional 657 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Academy Sports and Outdoors by 15.9% in the third quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company’s stock valued at $85,000 after buying an additional 234 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $60.25 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.05 and a beta of 1.23. The stock’s fifty day moving average price is $57.23 and its two-hundred day moving average price is $52.35. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results 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. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s 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. On average, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. Academy Sports and Outdoors’s payout ratio is presently 10.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Bank of America boosted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. Finally, Barclays raised their target price on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 10th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average price target of $59.89.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 3,500 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $55.01, for a total transaction of $192,535.00. Following the transaction, the director owned 39,107 shares in the company, valued at $2,151,276.07. This represents a 8.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.62% of the stock is owned by corporate insiders.

About Academy Sports and Outdoors

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.