Bwcp LP Cuts Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Bwcp LP lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,410 shares of the company’s stock after selling 27,688 shares during the quarter. Academy Sports and Outdoors makes up about 2.7% of Bwcp LP’s holdings, making the stock its 21st largest holding. Bwcp LP owned 0.55% of Academy Sports and Outdoors worth $16,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its position in shares of Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after purchasing an additional 470 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after buying an additional 657 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors in the first quarter valued at about $64,000. US Bancorp DE lifted its stake in shares of Academy Sports and Outdoors by 280.0% in the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after buying an additional 1,221 shares in the last quarter. Finally, Strs Ohio acquired a new position in Academy Sports and Outdoors during the first quarter worth about $128,000.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $55.50 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. The company has a quick ratio of 0.33, a current ratio of 1.71 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $61.25. The business’s fifty day simple moving average is $48.77 and its 200-day simple moving average is $49.02.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.08. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm earned $0.98 EPS. Academy Sports and Outdoors’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. Equities 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 will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.51%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ASO shares. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $50.00 in a report on Wednesday, September 3rd. Cowen reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday. Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and an average price target of $59.42.

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.