19,316 Shares in Academy Sports and Outdoors, Inc. $ASO Acquired by Foster & Motley Inc.

Foster & Motley Inc. acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the second quarter, according to its most recent filing with the SEC. The fund acquired 19,316 shares of the company’s stock, valued at approximately $910,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Academy Sports and Outdoors in the 2nd quarter worth about $468,146,000. Boston Partners lifted its holdings in shares of Academy Sports and Outdoors by 85.5% in the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock worth $65,416,000 after buying an additional 600,335 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Academy Sports and Outdoors in the second quarter valued at approximately $27,742,000. Norges Bank bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $29,301,000. Finally, Invesco Ltd. grew its stake in Academy Sports and Outdoors by 128.2% during the fourth quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock valued at $41,655,000 after acquiring an additional 468,457 shares in the last quarter.

Analysts Set New Price Targets

ASO has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. dropped their target price on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. UBS Group reduced their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Barclays decreased their price objective on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Hold” and an average price target of $58.07.

Academy Sports and Outdoors Trading Up 1.5%

NASDAQ ASO opened at $47.56 on Thursday. The firm has a market capitalization of $2.95 billion, a PE ratio of 8.37, a P/E/G ratio of 0.68 and a beta of 1.06. The stock’s 50 day moving average is $48.36 and its 200 day moving average is $53.09. 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 quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 18th. 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.