King Luther Capital Management Corp Sells 60,011 Shares of Academy Sports and Outdoors, Inc. $ASO

King Luther Capital Management Corp trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,396,610 shares of the company’s stock after selling 60,011 shares during the quarter. King Luther Capital Management Corp owned 2.10% of Academy Sports and Outdoors worth $69,858,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management lifted its stake in Academy Sports and Outdoors by 43.0% in the second quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock worth $139,798,000 after acquiring an additional 937,449 shares during the period. Norges Bank purchased a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth approximately $34,228,000. Hood River Capital Management LLC boosted its stake in shares of Academy Sports and Outdoors by 125.0% during the second quarter. Hood River Capital Management LLC now owns 782,742 shares of the company’s stock valued at $35,075,000 after purchasing an additional 434,894 shares in the last quarter. American Century Companies Inc. increased its holdings in Academy Sports and Outdoors by 22.4% during the second quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock valued at $91,926,000 after buying an additional 376,027 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Academy Sports and Outdoors by 219.8% during the second quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock valued at $22,452,000 after buying an additional 344,376 shares during the period.

Academy Sports and Outdoors Stock Down 1.2%

NASDAQ:ASO opened at $59.04 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $60.55. The company has a market cap of $3.94 billion, a PE ratio of 10.79, a P/E/G ratio of 1.04 and a beta of 1.26. The company’s 50 day moving average is $55.55 and its two-hundred day moving average is $51.67.

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

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, December 18th. Academy Sports and Outdoors’s payout ratio is presently 9.51%.

Insiders Place Their Bets

In related news, Director Brian T. Marley sold 3,500 shares of Academy Sports and Outdoors stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $55.01, for a total transaction of $192,535.00. Following the completion of the sale, the director owned 39,107 shares of the company’s stock, valued at $2,151,276.07. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.62% of the company’s stock.

Analyst Ratings Changes

ASO has been the topic of several recent research reports. Truist Financial set a $59.00 target price on Academy Sports and Outdoors in a research report on Wednesday, January 14th. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Friday, January 2nd. UBS Group increased their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.89.

Academy Sports and Outdoors 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.