Robotti Robert Reduces Position in Academy Sports and Outdoors, Inc. $ASO

Robotti Robert decreased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 41.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 53,040 shares of the company’s stock after selling 37,912 shares during the quarter. Robotti Robert’s holdings in Academy Sports and Outdoors were worth $2,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in Academy Sports and Outdoors by 15.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company’s stock worth $85,000 after purchasing an additional 234 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after buying an additional 252 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Academy Sports and Outdoors by 0.6% during the third quarter. Tectonic Advisors LLC now owns 45,288 shares of the company’s stock worth $2,265,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Academy Sports and Outdoors by 7.8% in the third quarter. GAMMA Investing LLC now owns 4,842 shares of the company’s stock worth $242,000 after buying an additional 349 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in Academy Sports and Outdoors by 7.2% in the third quarter. ZWJ Investment Counsel Inc. now owns 5,231 shares of the company’s stock valued at $262,000 after acquiring an additional 350 shares in the last quarter.

Insider Activity at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 17,071 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $55.31, for a total transaction of $944,197.01. Following the completion of the transaction, the director owned 42,607 shares in the company, valued at approximately $2,356,593.17. This represents a 28.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $61.19 on Thursday. The company has a market cap of $4.08 billion, a P/E ratio of 11.19, a PEG ratio of 1.07 and a beta of 1.26. The business has a 50 day moving average of $56.04 and a two-hundred day moving average of $51.99. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $61.95. The company has a quick ratio of 0.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.08. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 0.8%. Academy Sports and Outdoors’s payout ratio is 9.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASO. Barclays raised their price objective on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Truist Financial set a $59.00 price target on Academy Sports and Outdoors in a research note on Wednesday, January 14th. Morgan Stanley boosted their price objective on Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Bank of America increased their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Finally, UBS Group boosted their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.89.

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.