1,298,676 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 1,298,676 shares of Academy Sports and Outdoors, valued at approximately $61.2 million, giving it a 2.09% stake.
• Several major institutions also increased or initiated positions, including BlackRock, Bank of New York Mellon, Norges Bank and Heartland Advisors, while Boston Partners raised its holdings by 85.5%.
• Academy reported quarterly EPS of $0.93, ahead of the $0.91 consensus estimate, with revenue rising 6.7% year over year to $1.44 billion. Shares opened at $42.63, while analysts maintained an overall “Hold” rating with an average price target of $58.07.

Canada Pension Plan Investment Board bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,298,676 shares of the company's stock, valued at approximately $61,207,000. Canada Pension Plan Investment Board owned 2.09% of Academy Sports and Outdoors at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Academy Sports and Outdoors during 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 3rd quarter. Boston Partners now owns 1,302,141 shares of the company's stock valued at $65,416,000 after buying an additional 600,335 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Academy Sports and Outdoors in the second quarter worth about $27,742,000. Norges Bank purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth about $29,301,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the second quarter worth about $26,579,000.

Academy Sports and Outdoors Stock Down 2.1%

Shares of ASO opened at $42.63 on Friday. The firm has a market cap of $2.64 billion, a P/E ratio of 7.51, a PEG ratio of 0.63 and a beta of 1.06. Academy Sports and Outdoors, Inc. has a 12 month low of $41.29 and a 12 month high of $62.44. The stock's 50 day moving average is $47.64 and its two-hundred day moving average is $52.54. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results 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. 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 period in the prior year, the company posted $0.76 EPS. The business's quarterly revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a 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 presently 10.56%.

Wall Street Analyst Weigh In

ASO has been the subject of several recent research reports. Barclays reduced 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 research report on Thursday, June 11th. Weiss Ratings lowered shares of Academy Sports and Outdoors from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 11th. JPMorgan Chase & Co. decreased 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 research note on Wednesday, June 10th. UBS Group lowered their price target on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a "neutral" rating on the stock in a report on Wednesday, June 10th. Finally, Stephens assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an "overweight" rating and a $78.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $58.07.

About Academy Sports and Outdoors

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.

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