Boston Partners Raises Stake in Academy Sports and Outdoors, Inc. $ASO

Boston Partners raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 22.1% during the second quarter, HoldingsChannel reports. The firm owned 701,806 shares of the company’s stock after buying an additional 126,952 shares during the quarter. Boston Partners’ holdings in Academy Sports and Outdoors were worth $32,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Academy Sports and Outdoors by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company’s stock worth $175,438,000 after purchasing an additional 147,395 shares in the last quarter. LSV Asset Management raised its stake in Academy Sports and Outdoors by 12.5% in the first quarter. LSV Asset Management now owns 2,182,341 shares of the company’s stock valued at $99,537,000 after buying an additional 242,300 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Academy Sports and Outdoors by 36.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company’s stock worth $90,901,000 after buying an additional 528,367 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Academy Sports and Outdoors by 33.7% during the 1st quarter. American Century Companies Inc. now owns 1,675,428 shares of the company’s stock worth $76,416,000 after acquiring an additional 422,729 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Academy Sports and Outdoors by 45.2% in the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after acquiring an additional 448,582 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $44.91 on Thursday. The firm’s fifty day simple moving average is $49.22 and its 200-day simple moving average is $48.06. 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 capitalization of $2.99 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.88 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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). The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, equities analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.74%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ASO shares. JPMorgan Chase & Co. boosted their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They set a “buy” rating and a $65.00 price objective on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. UBS Group reiterated a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Finally, Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.37.

About Academy Sports and Outdoors

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.