CFM Wealth Partners LLC Has $1.78 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO

CFM Wealth Partners LLC cut its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,657 shares of the company’s stock after selling 9,084 shares during the period. CFM Wealth Partners LLC’s holdings in Academy Sports and Outdoors were worth $1,784,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. LSV Asset Management increased its stake in shares of Academy Sports and Outdoors by 43.0% during the second quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock worth $139,798,000 after purchasing an additional 937,449 shares during the period. Norges Bank acquired a new position in Academy Sports and Outdoors in the 2nd quarter valued at $34,228,000. William Blair Investment Management LLC increased its position in Academy Sports and Outdoors by 45.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock worth $64,528,000 after buying an additional 448,582 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 125.0% during the second quarter. Hood River Capital Management LLC now owns 782,742 shares of the company’s stock worth $35,075,000 after buying an additional 434,894 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Academy Sports and Outdoors by 22.4% in the second quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock valued at $91,926,000 after acquiring an additional 376,027 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ASO shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Barclays raised their target price 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. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Friday, January 2nd. Morgan Stanley raised their price objective on Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Finally, Evercore ISI lifted their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, October 14th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.89.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $55.35 on Tuesday. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $59.49. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32. The company’s 50 day simple moving average is $52.18 and its 200 day simple moving average is $51.15.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm 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 company’s revenue was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, December 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, December 18th. Academy Sports and Outdoors’s payout ratio is currently 9.51%.

Insider Buying and Selling

In other news, Director Brian T. Marley sold 17,071 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $55.31, for a total value of $944,197.01. Following the completion of the transaction, the director owned 42,607 shares of the company’s stock, 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 can be accessed through the SEC website. Insiders own 3.62% of the company’s stock.

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.