Maryland State Retirement & Pension System Decreases Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Maryland State Retirement & Pension System decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.4% during the second quarter, Holdings Channel.com reports. The fund owned 19,551 shares of the company’s stock after selling 681 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Academy Sports and Outdoors were worth $876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Academy Sports and Outdoors by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company’s stock valued at $175,438,000 after acquiring an additional 147,395 shares during the period. LSV Asset Management boosted its stake in shares of Academy Sports and Outdoors by 12.5% during the 1st quarter. LSV Asset Management now owns 2,182,341 shares of the company’s stock valued at $99,537,000 after purchasing an additional 242,300 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Academy Sports and Outdoors by 36.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock valued at $90,901,000 after purchasing an additional 528,367 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Academy Sports and Outdoors by 33.7% during the 1st quarter. American Century Companies Inc. now owns 1,675,428 shares of the company’s stock valued at $76,416,000 after purchasing an additional 422,729 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Academy Sports and Outdoors by 8.4% during the 1st quarter. Royce & Associates LP now owns 1,273,158 shares of the company’s stock valued at $58,069,000 after purchasing an additional 98,582 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ASO shares. Citigroup lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Barclays started coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. UBS Group reaffirmed a “neutral” rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Finally, Evercore ISI cut their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 23rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.11.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $49.38 on Monday. The stock has a market cap of $3.29 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $61.25. The firm’s 50-day simple moving average is $50.93 and its two-hundred day simple moving average is $46.48.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.Academy Sports and Outdoors’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. Analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

Academy Sports and Outdoors Profile

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.