Robotti Robert Buys New Holdings in Academy Sports and Outdoors, Inc. $ASO

Robotti Robert bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 103,860 shares of the company’s stock, valued at approximately $4,895,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC increased its position in Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after buying an additional 281 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 38.9% in the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after buying an additional 258 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $51,000. State of Wyoming bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $55,000. Finally, Advisory Services Network LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $61,000.

Academy Sports and Outdoors Trading Up 1.7%

Shares of NASDAQ:ASO opened at $46.88 on Wednesday. Academy Sports and Outdoors, Inc. has a 12-month low of $41.29 and a 12-month high of $62.44. The business has a 50 day moving average of $48.41 and a 200-day moving average of $53.15. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.91 billion, a PE ratio of 8.25, a P/E/G ratio of 0.69 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.60 annualized dividend and a yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.56%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ASO shares. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. Stephens started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. The Goldman Sachs Group dropped their price objective on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Finally, Truist Financial dropped their price objective on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and a consensus price target of $58.07.

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.