Tectonic Advisors LLC Buys 17,881 Shares of Academy Sports and Outdoors, Inc. $ASO

Tectonic Advisors LLC boosted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,153 shares of the company’s stock after acquiring an additional 17,881 shares during the quarter. Tectonic Advisors LLC’s holdings in Academy Sports and Outdoors were worth $4,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Academy Sports and Outdoors by 52.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock worth $35,000 after purchasing an additional 252 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 38.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after purchasing an additional 258 shares during the period. GAMMA Investing LLC raised its stake in shares of Academy Sports and Outdoors by 6.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,045 shares of the company’s stock valued at $243,000 after purchasing an additional 291 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 9.5% in the second quarter. HB Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $202,000 after purchasing an additional 371 shares in the last quarter. Finally, Dupree Financial Group LLC lifted its holdings in shares of Academy Sports and Outdoors by 0.4% in the first quarter. Dupree Financial Group LLC now owns 90,170 shares of the company’s stock valued at $5,090,000 after purchasing an additional 379 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ASO shares. BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the stock a “market perform” rating in a research report on Thursday, September 10th. Telsey Advisory Group increased their price objective on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. Wells Fargo & Company raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Barclays boosted their target price on Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. Finally, Truist Financial boosted their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.54.

Academy Sports and Outdoors Stock Down 2.3%

ASO stock traded down $1.45 during midday trading on Friday, hitting $60.33. The company’s stock had a trading volume of 826,730 shares, compared to its average volume of 1,459,635. The company’s fifty day moving average price is $50.04 and its 200 day moving average price is $50.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The stock has a market capitalization of $3.72 billion, a P/E ratio of 10.05, a PEG ratio of 0.86 and a beta of 0.98.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $1.94 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. As a group, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.23 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio is presently 10.00%.

Insider Activity

In related news, Director Brian Marley sold 10,432 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director directly owned 32,607 shares of the company’s stock, valued at approximately $1,736,322.75. This represents a 24.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Samuel J. Johnson sold 70,303 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the transaction, the president directly owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This trade represents a 65.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 106,315 shares of company stock worth $5,576,537 in the last quarter. 4.08% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.