Cinctive Capital Management LP Invests $7.89 Million in Academy Sports and Outdoors, Inc. $ASO

Cinctive Capital Management LP bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 157,962 shares of the company’s stock, valued at approximately $7,892,000.

Several other hedge funds have also modified their holdings of ASO. Junto Capital Management LP purchased a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth about $36,567,000. Boston Partners lifted its stake in Academy Sports and Outdoors by 85.5% in the 3rd quarter. Boston Partners now owns 1,302,141 shares of the company’s stock valued at $65,416,000 after buying an additional 600,335 shares in the last quarter. Norges Bank acquired a new stake in Academy Sports and Outdoors in the 4th quarter worth about $29,301,000. Ameriprise Financial Inc. boosted its holdings in Academy Sports and Outdoors by 219.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock worth $22,452,000 after buying an additional 344,376 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Academy Sports and Outdoors by 6,156.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 344,788 shares of the company’s stock worth $17,246,000 after buying an additional 339,277 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday, June 10th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. lowered their price objective 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. Jefferies Financial Group reiterated a “buy” rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Academy Sports and Outdoors in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Academy Sports and Outdoors Trading Up 0.6%

ASO opened at $49.62 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The company’s 50 day simple moving average is $53.52 and its two-hundred day simple moving average is $54.84. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.04.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $0.76 EPS. The business’s 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. Analysts expect that Academy Sports and Outdoors, Inc. will post 6.07 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.56%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the transaction, the director directly owned 7,835 shares of the company’s stock, valued at $470,100. This trade represents a 33.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is owned by company insiders.

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.