Maryland State Retirement & Pension System Sells 681 Shares of Academy Sports and Outdoors, Inc. $ASO

Maryland State Retirement & Pension System trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,551 shares of the company’s stock after selling 681 shares during the period. Maryland State Retirement & Pension System’s holdings in Academy Sports and Outdoors were worth $876,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP boosted its holdings in Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. TD Private Client Wealth LLC boosted its holdings in Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after purchasing an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at $64,000. Nisa Investment Advisors LLC raised its position in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after buying an additional 293 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Academy Sports and Outdoors by 280.0% during the 1st quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after buying an additional 1,221 shares in the last quarter.

Wall Street Analyst Weigh In

ASO has been the topic of several research reports. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. Evercore ISI lowered their price objective on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Cowen restated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $58.11.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $49.38 on Monday. The stock has a market cap of $3.29 billion, a PE ratio of 9.25, a PEG ratio of 0.99 and a beta of 1.28. The company’s fifty day moving average is $50.93 and its 200 day moving average is $46.48. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $61.25. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.Academy Sports and Outdoors’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 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, October 9th. Shareholders of record on Thursday, September 11th were given a $0.13 dividend. The ex-dividend date 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 presently 9.74%.

Academy Sports and Outdoors Company Profile

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.