Man Group plc Makes New $2.08 Million Investment in Academy Sports and Outdoors, Inc. $ASO

Man Group plc acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, Holdings Channel reports. The institutional investor acquired 44,061 shares of the company’s stock, valued at approximately $2,077,000.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada boosted its holdings in Academy Sports and Outdoors by 8.5% in the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after purchasing an additional 4,665 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Academy Sports and Outdoors by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,257 shares in the last quarter. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at about $223,000. Strs Ohio purchased a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at about $128,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 89.9% in the 2nd 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 during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on ASO shares. Barclays cut their target price on shares of 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. Truist Financial lowered their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. UBS Group reduced their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Finally, Stephens initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus target price of $58.07.

Academy Sports and Outdoors Price Performance

ASO stock opened at $42.81 on Wednesday. The business has a 50 day moving average price of $47.16 and a 200 day moving average price of $52.21. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.62 and a beta of 1.02. Academy Sports and Outdoors, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 10.56%.

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.