157,582 Shares in Academy Sports and Outdoors, Inc. $ASO Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 157,582 shares of the company’s stock, valued at approximately $7,427,000. Legal & General Group Plc owned about 0.25% of Academy Sports and Outdoors as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Academy Sports and Outdoors in the second quarter worth about $38,000. EverSource Wealth Advisors LLC increased its stake in Academy Sports and Outdoors by 38.9% during the 1st 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 period. State of Wyoming acquired a new position in Academy Sports and Outdoors during the 2nd quarter valued at about $55,000. Advisory Services Network LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth about $61,000. Finally, Clearstead Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 192.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after acquiring an additional 863 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ASO shares. Weiss Ratings cut shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Telsey Advisory Group dropped their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays cut their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, June 11th. UBS Group reaffirmed a “neutral” rating on shares of Academy Sports and Outdoors in a research note on Wednesday. Finally, Truist Financial dropped their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $58.31.

Academy Sports and Outdoors Trading Up 1.8%

Shares of NASDAQ ASO opened at $43.60 on Thursday. Academy Sports and Outdoors, Inc. has a one year low of $41.29 and a one year high of $62.44. The firm has a market capitalization of $2.70 billion, a PE ratio of 7.68, a PEG ratio of 0.62 and a beta of 1.02. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $47.01 and a two-hundred day moving average price of $52.11.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm 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, analysts predict that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

About Academy Sports and Outdoors

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.