Jupiter Topco LLC Makes New Investment in Academy Sports and Outdoors, Inc. $ASO

Jupiter Topco LLC bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 86,957 shares of the company’s stock, valued at approximately $4,098,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Academy Sports and Outdoors in the 2nd quarter worth about $468,146,000. Dimensional Fund Advisors LP grew its position in shares of Academy Sports and Outdoors by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock valued at $227,439,000 after buying an additional 71,888 shares during the last quarter. State Street Corp raised its stake in Academy Sports and Outdoors by 2.2% during the fourth quarter. State Street Corp now owns 2,715,677 shares of the company’s stock worth $136,028,000 after acquiring an additional 59,446 shares during the period. Geode Capital Management LLC lifted its holdings in Academy Sports and Outdoors by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock worth $100,261,000 after acquiring an additional 5,933 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Academy Sports and Outdoors by 19.5% in the fourth quarter. Morgan Stanley now owns 1,610,782 shares of the company’s stock worth $80,475,000 after acquiring an additional 263,267 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on ASO. UBS Group dropped their price target on 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. The Goldman Sachs Group reduced their price objective on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Barclays lowered their price objective on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, June 11th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Stephens started coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $58.07.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $42.81 on Wednesday. Academy Sports and Outdoors, Inc. has a 12-month low of $41.29 and a 12-month high of $62.44. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.62 and a beta of 1.02. The business has a 50 day simple moving average of $47.16 and a 200 day simple moving average of $52.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. 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.