Academy Sports and Outdoors, Inc. $ASO Position Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 201,179 shares of the company’s stock after purchasing an additional 11,147 shares during the period. Allianz Asset Management GmbH’s holdings in Academy Sports and Outdoors were worth $9,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Your Advocates Ltd. LLP grew its stake in Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after acquiring an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the 1st quarter valued at about $64,000. Nisa Investment Advisors LLC grew its stake in 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, US Bancorp DE grew its stake in Academy Sports and Outdoors by 280.0% during the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after acquiring an additional 1,221 shares in the last quarter.

Academy Sports and Outdoors Stock Down 0.2%

ASO opened at $50.47 on Wednesday. The business has a 50 day moving average of $51.15 and a 200-day moving average of $46.88. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 1.02 and a beta of 1.28. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $61.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.32). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. Academy Sports and Outdoors’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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 1.0%. Academy Sports and Outdoors’s payout ratio is presently 9.74%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, September 2nd. Cowen reissued a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Truist Financial boosted their price target on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Finally, Citigroup cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.37.

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.