First Citizens Bank & Trust Co. Takes Position in Academy Sports and Outdoors, Inc. $ASO

First Citizens Bank & Trust Co. bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,419 shares of the company’s stock, valued at approximately $467,000.

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

Academy Sports and Outdoors Trading Down 2.5%

Academy Sports and Outdoors stock opened at $47.70 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $61.25. The firm’s 50 day moving average price is $50.78 and its two-hundred day moving average price is $47.16.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.32). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. On average, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

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 dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, September 11th. Academy Sports and Outdoors’s payout ratio is presently 9.74%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a research note on Monday, July 21st. Citigroup downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Barclays assumed coverage on Academy Sports and Outdoors in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 price target for the company. Cowen reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.37.

Academy Sports and Outdoors 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.