Hsbc Holdings PLC Has $975,000 Stock Position in Academy Sports and Outdoors, Inc. $ASO

Hsbc Holdings PLC lifted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 239.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,525 shares of the company’s stock after acquiring an additional 13,773 shares during the quarter. Hsbc Holdings PLC’s holdings in Academy Sports and Outdoors were worth $975,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Junto Capital Management LP acquired a new stake in Academy Sports and Outdoors in the third quarter worth about $36,567,000. Boston Partners lifted its position in Academy Sports and Outdoors by 85.5% during the 3rd quarter. Boston Partners now owns 1,302,141 shares of the company’s stock valued at $65,416,000 after purchasing an additional 600,335 shares during the period. Norges Bank acquired a new position in Academy Sports and Outdoors during the 4th quarter valued at about $29,301,000. Invesco Ltd. boosted its stake in shares of Academy Sports and Outdoors by 128.2% in the 4th quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock valued at $41,655,000 after purchasing an additional 468,457 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Academy Sports and Outdoors by 219.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock valued at $22,452,000 after purchasing an additional 344,376 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on ASO. Guggenheim lifted their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Jefferies Financial Group restated a “buy” rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. JPMorgan Chase & Co. reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. The Goldman Sachs Group lowered their target price on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Finally, Truist Financial dropped their target price on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the transaction, the director directly owned 7,835 shares of the company’s stock, valued at $470,100. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $46.49 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The stock has a market cap of $2.88 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The stock has a 50-day moving average of $50.34 and a 200-day moving average of $54.33. Academy Sports and Outdoors, Inc. has a one year low of $41.29 and a one year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. Academy Sports and Outdoors’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th will be issued a $0.15 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.60 annualized dividend and a yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.56%.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.