Academy Sports and Outdoors, Inc. $ASO Shares Sold by Trust Investment Advisors

Trust Investment Advisors lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,504 shares of the company’s stock after selling 962 shares during the period. Trust Investment Advisors’ holdings in Academy Sports and Outdoors were worth $650,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Your Advocates Ltd. LLP raised its position in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the period. TD Private Client Wealth LLC raised its position in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after acquiring an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors in the first quarter worth about $64,000. Nisa Investment Advisors LLC raised its position in shares of Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after acquiring an additional 293 shares during the period. Finally, US Bancorp DE raised its position 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 acquiring an additional 1,221 shares during the period.

Academy Sports and Outdoors Stock Up 3.7%

Shares of NASDAQ ASO opened at $49.48 on Tuesday. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $61.25. The stock has a market cap of $3.30 billion, a PE ratio of 9.27, a P/E/G ratio of 0.96 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. The company has a 50-day moving average of $50.69 and a 200 day moving average of $47.28.

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

Academy Sports and Outdoors Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Monness Crespi & Hardt assumed coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They set a “buy” rating and a $65.00 price target for the company. Finally, Wells Fargo & Company restated a “positive” rating on shares of Academy Sports and Outdoors 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, the stock currently has a consensus rating of “Hold” and a consensus price target 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.