Public Sector Pension Investment Board Increases Stock Position in Academy Sports and Outdoors, Inc. $ASO

Public Sector Pension Investment Board increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 14.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 259,298 shares of the company’s stock after purchasing an additional 32,487 shares during the period. Public Sector Pension Investment Board owned 0.39% of Academy Sports and Outdoors worth $12,970,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ASO. Royal Bank of Canada boosted its position in Academy Sports and Outdoors by 8.5% during the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after acquiring an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Academy Sports and Outdoors by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock worth $1,846,000 after purchasing an additional 1,257 shares during the last quarter. United Services Automobile Association bought a new stake in Academy Sports and Outdoors during the first quarter valued at about $223,000. Strs Ohio purchased a new position in Academy Sports and Outdoors in the first quarter valued at about $128,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Academy Sports and Outdoors by 5.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,631 shares of the company’s stock worth $252,000 after purchasing an additional 288 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ASO shares. Morgan Stanley raised their price target on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Bank of America increased their target price on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. UBS Group upped their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, Barclays increased their price objective on Academy Sports and Outdoors from $51.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, December 10th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.89.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $55.01, for a total transaction of $192,535.00. Following the completion of the transaction, the director directly owned 39,107 shares of the company’s stock, valued at approximately $2,151,276.07. This trade represents a 8.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.62% of the stock is owned by company insiders.

Academy Sports and Outdoors Trading Up 1.4%

NASDAQ ASO opened at $58.56 on Monday. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $60.55. The company has a fifty day simple moving average of $55.14 and a two-hundred day simple moving average of $51.49. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.90 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.08. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, December 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.51%.

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.