First Citizens Bank & Trust Co. Takes $467,000 Position in Academy Sports and Outdoors, Inc. $ASO

First Citizens Bank & Trust Co. purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,419 shares of the company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC grew its holdings in shares of Academy Sports and Outdoors by 7.3% during the 1st quarter. CWM LLC now owns 3,888 shares of the company’s stock valued at $177,000 after acquiring an additional 266 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Academy Sports and Outdoors by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock valued at $299,000 after acquiring an additional 283 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Academy Sports and Outdoors by 5.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,631 shares of the company’s stock valued at $252,000 after acquiring an additional 288 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after acquiring an additional 293 shares in the last quarter. Finally, Trust Investment Advisors grew its holdings in shares of Academy Sports and Outdoors by 1.9% during the 1st quarter. Trust Investment Advisors now owns 15,466 shares of the company’s stock valued at $705,000 after acquiring an additional 294 shares in the last quarter.

Academy Sports and Outdoors Stock Down 2.5%

Academy Sports and Outdoors stock opened at $47.70 on Friday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. 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 has a fifty day moving average price of $50.78 and a two-hundred day moving average price of $47.16.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results 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 firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Academy Sports and Outdoors’s payout ratio is presently 9.74%.

Wall Street Analysts Forecast Growth

ASO has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. JPMorgan Chase & Co. lifted their price objective 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. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a “buy” rating and a $65.00 price objective for the company. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus target price of $58.37.

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.