Maverick Capital Ltd. Has $463,000 Holdings in Academy Sports and Outdoors, Inc. $ASO

Maverick Capital Ltd. lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 90.8% during the 1st quarter, Holdings Channel reports. The firm owned 8,205 shares of the company’s stock after selling 80,901 shares during the period. Maverick Capital Ltd.’s holdings in Academy Sports and Outdoors were worth $463,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Salomon & Ludwin LLC raised its stake in shares of Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after buying an additional 281 shares during the last quarter. Bayforest Capital Ltd bought a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $51,000. Advisory Services Network LLC acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth $61,000. Clearstead Advisors LLC grew its holdings in Academy Sports and Outdoors by 192.6% during the 4th quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after acquiring an additional 863 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 shares during the last quarter.

Academy Sports and Outdoors Trading Down 2.7%

Shares of NASDAQ ASO opened at $49.05 on Thursday. The company’s fifty day moving average is $49.55 and its 200-day moving average is $53.96. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.73 and a beta of 1.05. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio is 10.56%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ASO shares. Stephens started 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. Truist Financial decreased their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research note on Wednesday, June 10th. UBS Group dropped their price objective on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Barclays cut their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. reduced their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.53.

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.