Fox Run Management L.L.C. Takes $799,000 Position in Academy Sports and Outdoors, Inc. $ASO

Fox Run Management L.L.C. bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, Holdings Channel reports. The institutional investor bought 17,836 shares of the company’s stock, valued at approximately $799,000.

Other large investors have also bought and sold shares of the company. Huntington National Bank raised its holdings in shares of Academy Sports and Outdoors by 214.6% during the second quarter. Huntington National Bank now owns 689 shares of the company’s stock valued at $31,000 after purchasing an additional 470 shares during the period. Your Advocates Ltd. LLP increased its holdings 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 raised its holdings in Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after buying an additional 362 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at $64,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after acquiring an additional 293 shares in the last quarter.

Academy Sports and Outdoors Price Performance

ASO opened at $45.77 on Monday. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.05 billion, a P/E ratio of 8.57, a PEG ratio of 0.92 and a beta of 1.27. The stock has a 50-day moving average price of $49.60 and a 200-day moving average price of $47.99. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $61.25.

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

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.52 annualized dividend and a yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

Wall Street Analyst Weigh In

ASO has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 14th. Cowen reissued a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Academy Sports and Outdoors in a research report on Thursday, October 30th. Finally, Truist Financial lifted their price objective on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus target price of $58.37.

About Academy Sports and Outdoors

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.