Verity Asset Management Inc. Acquires 3,453 Shares of Academy Sports and Outdoors, Inc. $ASO

Verity Asset Management Inc. grew its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 12.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,491 shares of the company’s stock after purchasing an additional 3,453 shares during the quarter. Verity Asset Management Inc.’s holdings in Academy Sports and Outdoors were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP lifted its holdings in Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after buying an additional 411 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after acquiring an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Academy Sports and Outdoors during the first quarter valued at approximately $64,000. Nisa Investment Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after purchasing an additional 293 shares during the period. Finally, US Bancorp DE increased its holdings in Academy Sports and Outdoors by 280.0% during the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock worth $76,000 after purchasing an additional 1,221 shares during the period.

Analysts Set New Price Targets

ASO has been the subject of several recent research reports. 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. Citigroup downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, July 21st. Telsey Advisory Group restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $58.37.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $47.89 on Monday. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week 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 firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.96 and a beta of 1.27. The stock’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $47.68.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.32). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.13 per share. 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 1.1%. Academy Sports and Outdoors’s payout ratio is 9.74%.

About Academy Sports and Outdoors

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.