Fifth Third Bancorp Has $1.04 Million Holdings in Academy Sports and Outdoors, Inc. $ASO

Fifth Third Bancorp increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3,119.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,477 shares of the company’s stock after buying an additional 17,903 shares during the period. Fifth Third Bancorp’s holdings in Academy Sports and Outdoors were worth $1,043,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in Academy Sports and Outdoors by 50.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,852 shares of the company’s stock worth $387,000 after acquiring an additional 2,296 shares during the period. Greatmark Investment Partners Inc. raised its position in shares of Academy Sports and Outdoors by 0.6% in the 1st quarter. Greatmark Investment Partners Inc. now owns 526,047 shares of the company’s stock worth $29,695,000 after acquiring an additional 3,247 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Academy Sports and Outdoors by 17.3% in the 1st quarter. Hodges Capital Management Inc. now owns 322,220 shares of the company’s stock valued at $18,189,000 after purchasing an additional 47,474 shares during the period. HB Wealth Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at about $221,000. Finally, Trust Investment Advisors lifted its stake in shares of Academy Sports and Outdoors by 11.4% in the 1st quarter. Trust Investment Advisors now owns 18,763 shares of the company’s stock valued at $1,059,000 after purchasing an additional 1,917 shares during the period.

Academy Sports and Outdoors Price Performance

ASO stock opened at $46.58 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The company’s 50-day moving average is $49.56 and its 200-day moving average is $54.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. Academy Sports and Outdoors, Inc. has a 1 year low of $41.29 and a 1 year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $0.76 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.56%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASO. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. B. Riley Financial reissued a “buy” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. Stephens initiated coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price target on the stock. Guggenheim increased their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Finally, Barclays reduced their price objective on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.53.

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.