Academy Sports and Outdoors, Inc. $ASO Shares Bought by State of Wyoming

State of Wyoming increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 208.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,050 shares of the company’s stock after purchasing an additional 12,203 shares during the quarter. State of Wyoming’s holdings in Academy Sports and Outdoors were worth $809,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ASO. Huntington National Bank lifted its stake in shares of Academy Sports and Outdoors by 214.6% in the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after acquiring an additional 470 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after purchasing an additional 657 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at $64,000. US Bancorp DE raised its stake in shares of Academy Sports and Outdoors by 280.0% in the 1st 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 stake in shares of Academy Sports and Outdoors in the first quarter valued at $128,000.

Academy Sports and Outdoors Stock Down 1.5%

ASO stock opened at $55.50 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.33. The firm has a market capitalization of $3.70 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.07 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. The company’s 50 day simple moving average is $48.77 and its 200-day simple moving average is $49.08.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.08. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Academy Sports and Outdoors had a net margin of 6.27% and a return on equity of 18.24%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Thursday, December 18th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 9.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ASO shares. Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. UBS Group boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday. Guggenheim restated a “buy” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, September 8th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Bank of America increased their price objective on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.42.

Academy Sports and Outdoors Company 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.