30,638 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,638 shares of the company’s stock, valued at approximately $1,444,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Academy Sports and Outdoors during the second quarter worth approximately $468,146,000. Kingsview Wealth Management LLC purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at $2,660,000. Systematic Financial Management LP boosted its stake in Academy Sports and Outdoors by 22.7% during the 4th quarter. Systematic Financial Management LP now owns 319,748 shares of the company’s stock worth $15,975,000 after purchasing an additional 59,051 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of Academy Sports and Outdoors by 12.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock worth $78,591,000 after buying an additional 176,463 shares in the last quarter. Finally, Delphi Management Inc. MA purchased a new stake in shares of Academy Sports and Outdoors during the first quarter worth $1,190,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ASO shares. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Barclays cut their price target on 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. The Goldman Sachs Group reduced their price objective on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lowered their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.31.

Academy Sports and Outdoors Stock Up 0.2%

Shares of NASDAQ ASO opened at $43.68 on Friday. The company has a market capitalization of $2.71 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.63 and a beta of 1.02. 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 company has a 50 day simple moving average of $46.91 and a 200-day simple moving average of $52.01. Academy Sports and Outdoors, Inc. has a 1 year low of $41.29 and a 1 year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates 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 for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Company 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.