KBC Group NV Sells 1,510 Shares of Academy Sports and Outdoors, Inc. $ASO

KBC Group NV cut its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 42.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,013 shares of the company’s stock after selling 1,510 shares during the period. KBC Group NV’s holdings in Academy Sports and Outdoors were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank lifted its stake in shares of Academy Sports and Outdoors by 214.6% during the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock valued at $31,000 after buying an additional 470 shares in the last quarter. Your Advocates Ltd. LLP raised its holdings in Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Academy Sports and Outdoors in the first quarter valued at about $64,000. US Bancorp DE boosted its stake in shares of Academy Sports and Outdoors by 280.0% in the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after acquiring an additional 1,221 shares during the period. Finally, Strs Ohio bought a new position in shares of Academy Sports and Outdoors in the first quarter worth about $128,000.

Academy Sports and Outdoors Stock Up 5.9%

NASDAQ ASO opened at $44.20 on Friday. The stock has a 50 day moving average price of $48.43 and a 200-day moving average price of $48.32. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The company has a market capitalization of $2.94 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.89 and a beta of 1.27.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company earned $2.03 EPS. Academy Sports and Outdoors’s revenue for the quarter was up 3.3% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.74%.

Wall Street Analysts Forecast Growth

ASO has been the topic of several recent analyst reports. Citigroup downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Academy Sports and Outdoors in a report on Wednesday. Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Barclays initiated coverage on shares of Academy Sports and Outdoors in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $51.00 target price for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and a consensus target price of $58.37.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.