Campbell & CO Investment Adviser LLC Increases Stake in Academy Sports and Outdoors, Inc. $ASO

Campbell & CO Investment Adviser LLC raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 34.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 26,459 shares of the company’s stock after acquiring an additional 6,733 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Academy Sports and Outdoors were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at approximately $2,342,000. Tower Research Capital LLC TRC grew its position in shares of Academy Sports and Outdoors by 248.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,093 shares of the company’s stock valued at $523,000 after purchasing an additional 6,484 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Academy Sports and Outdoors by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 421,719 shares of the company’s stock valued at $24,262,000 after purchasing an additional 3,756 shares in the last quarter. Northern Trust Corp grew its position in shares of Academy Sports and Outdoors by 6.8% in the fourth quarter. Northern Trust Corp now owns 774,911 shares of the company’s stock valued at $44,581,000 after purchasing an additional 49,106 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $483,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ASO shares. Morgan Stanley reduced their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, June 11th. UBS Group reduced their price objective on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on shares of Academy Sports and Outdoors from $43.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Truist Financial boosted their price objective on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, June 11th. Finally, Loop Capital set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and a consensus price target of $58.35.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares of the company’s stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Stock Down 0.2%

Shares of NASDAQ:ASO opened at $53.74 on Wednesday. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.61. The firm has a fifty day moving average of $50.69 and a 200 day moving average of $46.35. The firm has a market capitalization of $3.57 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. As a group, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio is 9.56%.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.