Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by LSV Asset Management (2024)

LSV Asset Management cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 0.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,652,041 shares of the company’s stock after selling 500 shares during the period. LSV Asset Management owned 2.24% of Academy Sports and Outdoors worth $111,579,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Academy Sports and Outdoors during the first quarter valued at $68,000. EverSource Wealth Advisors LLC increased its position in shares of Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Academy Sports and Outdoors in the 4th quarter worth $73,000. Finally, GAMMA Investing LLC acquired a new stake in Academy Sports and Outdoors during the 4th quarter worth about $83,000.

Wall Street Analysts Forecast Growth

ASO has been the subject of several research analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $55.00 price objective (down from $80.00) on shares of Academy Sports and Outdoors in a research note on Wednesday, June 12th. Truist Financial decreased their price objective on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, June 10th. Morgan Stanley cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, Wedbush reduced their price objective on Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average target price of $67.87.

View Our Latest Stock Report on Academy Sports and Outdoors

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.19% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $53.13 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The company’s fifty day moving average price is $54.17 and its 200 day moving average price is $61.44. The stock has a market capitalization of $3.83 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.91 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last released its earnings results on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.4 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors’s payout ratio is 6.73%.

About Academy Sports and Outdoors

(Free Report)

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.

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