Hodges Capital Management Inc. Has $13.73 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO

Hodges Capital Management Inc. grew its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,746 shares of the company’s stock after buying an additional 38,814 shares during the quarter. Academy Sports and Outdoors accounts for about 1.2% of Hodges Capital Management Inc.’s holdings, making the stock its 24th biggest position. Hodges Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $13,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in 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 purchasing an additional 281 shares during the last quarter. Huntington National Bank boosted its holdings in Academy Sports and Outdoors by 47.3% during the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after purchasing an additional 326 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Academy Sports and Outdoors during the fourth quarter worth about $51,000. Hantz Financial Services Inc. boosted its holdings in Academy Sports and Outdoors by 117.8% during the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after purchasing an additional 602 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Academy Sports and Outdoors during the third quarter worth about $61,000.

Analysts Set New Price Targets

Several research firms recently weighed in on ASO. The Goldman Sachs Group cut their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a report on Wednesday, April 8th. Finally, Truist Financial cut their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average price target of $59.25.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $49.88 on Thursday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 0.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 1.68. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $62.44. The firm’s 50-day simple moving average is $54.25 and its two-hundred day simple moving average is $54.70.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.93 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.60 annualized dividend and a yield of 1.2%. Academy Sports and Outdoors’s payout ratio is currently 10.79%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the sale, the director owned 7,835 shares of the company’s stock, valued at approximately $470,100. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.62% of the company’s stock.

More Academy Sports and Outdoors News

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Academy Sports reported Q1 adjusted EPS of $0.93, topping estimates, while revenue of $1.44 billion matched expectations and rose 6.7% year over year. Comparable sales increased 2.9%, e-commerce sales climbed 17.4%, and the company said traffic and average ticket both improved. Article Title
• Positive Sentiment: The company raised FY2026 guidance, signaling management expects momentum to continue after the strong quarter. The outlook helped support the bull case after the earnings release. Article Title
• Neutral Sentiment: Several recap articles and transcript/presentation links highlight investor focus on the Q1 call, including the company’s expansion plans, new-store openings, and continued e-commerce growth. Article Title
• Neutral Sentiment: Analysts were mixed-to-cautious, with JPMorgan cutting its price target to $59 from $60 and Truist lowering its target to $52 from $54, while keeping neutral/hold views. Those moves suggest the market is still debating how much upside remains after the rally on earnings. Article Title
• Negative Sentiment: Management also warned that consumers may remain squeezed through 2026, with lower-income demand and higher gas prices cited as risks. That caution is tempering enthusiasm for the stronger quarter and guidance raise. Article Title

Academy Sports and Outdoors Company 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.