Academy Sports and Outdoors, Inc. $ASO Stock Position Lowered by Maple Rock Capital Partners Inc.

Maple Rock Capital Partners Inc. cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 30.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 586,400 shares of the company’s stock after selling 253,600 shares during the quarter. Maple Rock Capital Partners Inc.’s holdings in Academy Sports and Outdoors were worth $27,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $468,146,000. Dimensional Fund Advisors LP raised its holdings in shares of Academy Sports and Outdoors by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock worth $227,439,000 after purchasing an additional 71,888 shares in the last quarter. State Street Corp lifted its stake in Academy Sports and Outdoors by 2.2% during the fourth quarter. State Street Corp now owns 2,715,677 shares of the company’s stock valued at $136,028,000 after purchasing an additional 59,446 shares during the last quarter. Geode Capital Management LLC grew its position in Academy Sports and Outdoors by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock worth $100,261,000 after buying an additional 5,933 shares during the last quarter. Finally, Morgan Stanley grew its position in Academy Sports and Outdoors by 19.5% in the fourth quarter. Morgan Stanley now owns 1,610,782 shares of the company’s stock worth $80,475,000 after buying an additional 263,267 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have issued reports on ASO shares. JPMorgan Chase & Co. dropped their price target on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Stephens started coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price on the stock. Weiss Ratings lowered Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Truist Financial reduced their target price on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, June 10th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and an average target price of $58.07.

Academy Sports and Outdoors Stock Down 1.2%

ASO stock opened at $42.96 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The firm has a market capitalization of $2.66 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.63 and a beta of 1.06. Academy Sports and Outdoors, Inc. has a 52-week low of $41.29 and a 52-week high of $62.44. The company’s 50 day simple moving average is $47.29 and its 200-day simple moving average is $52.33.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.56%.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.