Hsbc Holdings PLC Acquires 13,773 Shares of Academy Sports and Outdoors, Inc. $ASO

Hsbc Holdings PLC lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 239.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,525 shares of the company’s stock after purchasing an additional 13,773 shares during the quarter. Hsbc Holdings PLC’s holdings in Academy Sports and Outdoors were worth $975,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Salomon & Ludwin LLC grew its position in shares of Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after purchasing an additional 281 shares during the period. Bayforest Capital Ltd acquired a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $51,000. Advisory Services Network LLC bought a new position in Academy Sports and Outdoors in the third quarter valued at approximately $61,000. Clearstead Advisors LLC lifted its stake in Academy Sports and Outdoors by 192.6% in the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after buying an additional 863 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after buying an additional 657 shares in the last quarter.

Academy Sports and Outdoors Stock Up 0.4%

Shares of ASO stock opened at $46.49 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 1 year low of $41.29 and a 1 year high of $62.44. The firm’s fifty day moving average price is $50.34 and its two-hundred day moving average price is $54.33. The firm has a market capitalization of $2.88 billion, a P/E ratio of 8.18, a PEG ratio of 0.67 and a beta of 1.05.

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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $0.76 EPS. The company’s quarterly 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. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, June 18th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.60 annualized dividend and a yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio is 10.56%.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director owned 7,835 shares of the company’s stock, valued at approximately $470,100. This represents a 33.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Weiss Ratings cut shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. lowered their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Stephens initiated coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price target on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $61.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

About Academy Sports and Outdoors

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.