Academy Sports and Outdoors, Inc. $ASO Stake Raised by Tectonic Advisors LLC

Tectonic Advisors LLC increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,153 shares of the company’s stock after buying an additional 17,881 shares during the period. Tectonic Advisors LLC owned 0.14% of Academy Sports and Outdoors worth $4,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ASO. James Investment Research Inc. raised its position in shares of Academy Sports and Outdoors by 16.9% during the 3rd quarter. James Investment Research Inc. now owns 11,421 shares of the company’s stock valued at $549,000 after acquiring an additional 1,650 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of Academy Sports and Outdoors by 1.6% in the 3rd quarter. Isthmus Partners LLC now owns 64,247 shares of the company’s stock valued at $3,090,000 after purchasing an additional 1,016 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth $704,000. Thor Investment Management Inc. OH ADV boosted its position in shares of Academy Sports and Outdoors by 3.2% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 68,152 shares of the company’s stock worth $3,277,000 after purchasing an additional 2,084 shares during the last quarter. Finally, Dupree Financial Group LLC boosted its position in shares of Academy Sports and Outdoors by 3.9% in the 3rd quarter. Dupree Financial Group LLC now owns 96,170 shares of the company’s stock worth $4,625,000 after purchasing an additional 3,606 shares during the last quarter.

Academy Sports and Outdoors Trading Down 2.3%

Shares of ASO stock traded down $1.45 on Friday, hitting $60.33. The stock had a trading volume of 826,730 shares, compared to its average volume of 1,459,635. The company has a current ratio of 1.74, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The company has a fifty day moving average price of $50.04 and a two-hundred day moving average price of $50.79. The firm has a market cap of $3.72 billion, a P/E ratio of 10.05, a PEG ratio of 0.86 and a beta of 0.98.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.07 by $0.24. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. As a group, analysts forecast that Academy Sports and Outdoors, Inc. will post 6.23 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 10.00%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 10,432 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the completion of the transaction, the director directly owned 32,607 shares in the company, valued at approximately $1,736,322.75. The trade was a 24.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Samuel Johnson sold 70,303 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the transaction, the president owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 106,315 shares of company stock worth $5,576,537. 4.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ASO. Weiss Ratings raised Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. UBS Group increased their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Wells Fargo & Company upgraded Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a report on Thursday, September 10th. Telsey Advisory Group boosted their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, September 10th. Finally, BMO Capital Markets set a $42.00 target price on Academy Sports and Outdoors and gave the stock a “market perform” rating in a research report on Thursday, September 10th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.54.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.