Impala Asset Management LLC Trims Holdings in Academy Sports and Outdoors, Inc. $ASO

Impala Asset Management LLC cut its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,115 shares of the company’s stock after selling 84,809 shares during the period. Academy Sports and Outdoors accounts for about 13.5% of Impala Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Impala Asset Management LLC owned about 0.60% of Academy Sports and Outdoors worth $19,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Huntington National Bank increased its position 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 purchasing an additional 470 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after buying an additional 252 shares during the period. Hantz Financial Services Inc. increased its position 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 valued at $56,000 after acquiring an additional 602 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Academy Sports and Outdoors by 15.9% in the third quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company’s stock valued at $85,000 after acquiring an additional 234 shares during the period.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 3,500 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $55.01, for a total value of $192,535.00. Following the completion of the sale, the director directly owned 39,107 shares of the company’s stock, valued at $2,151,276.07. This represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ASO has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Friday, January 2nd. UBS Group upped their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. Finally, Morgan Stanley raised their price target on Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and an average target price of $59.89.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $60.39 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.71. The company has a market capitalization of $4.03 billion, a PE ratio of 11.04, a P/E/G ratio of 1.06 and a beta of 1.23. The company has a 50 day moving average price of $57.05 and a 200-day moving average price of $52.30. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $62.44.

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

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.