Kingsview Wealth Management LLC Invests $2.72 Million in Academy Sports and Outdoors, Inc. $ASO

Kingsview Wealth Management LLC purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,717 shares of the company’s stock, valued at approximately $2,721,000. Kingsview Wealth Management LLC owned 0.09% of Academy Sports and Outdoors as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Westwood Holdings Group Inc. grew its position in shares of Academy Sports and Outdoors by 5.9% during the second quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after buying an additional 117,175 shares in the last quarter. Creative Planning raised its holdings in Academy Sports and Outdoors by 37.8% during the second quarter. Creative Planning now owns 38,816 shares of the company’s stock worth $1,739,000 after purchasing an additional 10,653 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $10,403,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Academy Sports and Outdoors by 2.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,080 shares of the company’s stock worth $765,000 after acquiring an additional 473 shares in the last quarter. Finally, Ranmore Fund Management Ltd purchased a new position in shares of Academy Sports and Outdoors in the second quarter worth approximately $9,858,000.

Analyst Ratings Changes

ASO has been the subject of several research reports. Cowen reiterated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. UBS Group reissued a “neutral” rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Guggenheim reaffirmed a “buy” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, September 8th. Evercore ISI lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research report on Tuesday, October 14th. Finally, Barclays initiated coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $42.46 on Wednesday. The firm has a market cap of $2.83 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $61.25. The firm’s 50-day simple moving average is $48.72 and its 200-day simple moving average is $48.29.

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

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, September 11th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.74%.

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.