Fulcrum Asset Management LLP Acquires 18,495 Shares of Academy Sports and Outdoors, Inc. $ASO

Fulcrum Asset Management LLP lifted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 28,453.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,560 shares of the company’s stock after purchasing an additional 18,495 shares during the period. Fulcrum Asset Management LLP’s holdings in Academy Sports and Outdoors were worth $889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Academy Sports and Outdoors during the second quarter valued at about $468,146,000. Public Employees Retirement System of Ohio purchased a new position in Academy Sports and Outdoors in the second quarter valued at about $2,209,000. Fund 1 Investments LLC bought a new position in Academy Sports and Outdoors in the second quarter worth about $1,414,000. Bank of America Corp DE bought a new position in Academy Sports and Outdoors in the second quarter worth about $20,434,000. Finally, Legal & General Group Plc purchased a new stake in shares of Academy Sports and Outdoors during the second quarter valued at about $7,427,000.

Insiders Place Their Bets

In other news, President Samuel J. Johnson sold 70,303 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the completion of the sale, the president directly owned 36,861 shares in the company, valued at approximately $1,909,031.19. The trade was a 65.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian Marley sold 10,432 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total transaction of $555,504.00. Following the sale, the director directly owned 32,607 shares in the company, valued at $1,736,322.75. This trade represents a 24.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 106,315 shares of company stock valued at $5,576,537. Corporate insiders own 4.08% of the company’s stock.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $67.29 on Friday. The firm has a market capitalization of $4.14 billion, a P/E ratio of 11.22, a PEG ratio of 0.96 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $55.54 and a 200 day moving average price of $53.26. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $71.29.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Wednesday, September 9th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. Academy Sports and Outdoors’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.24 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th were issued a $0.15 dividend. 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 0.9%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 10.00%.

Analyst Ratings Changes

ASO has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, September 10th. UBS Group boosted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Weiss Ratings raised shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, November 3rd. Loop Capital downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a research note on Tuesday. Finally, Cantor Fitzgerald initiated coverage on shares of Academy Sports and Outdoors in a research note on Monday. They issued an “overweight” rating and a $89.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.27.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc. is a sporting goods and outdoor recreation retailer that sells products through its stores and e-commerce platform. Its merchandise includes sports and fitness equipment, outdoor and camping gear, hunting and fishing supplies, apparel, footwear and recreation products. The company serves customers primarily in the southern and eastern United States through a network of retail locations. Its stores offer products for a range of sports and outdoor activities, as well as items for everyday use.