Caisse DE Depot ET Placement DU Quebec Takes $1.51 Million Position in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 33,000 shares of Academy Sports and Outdoors, Inc. for about $1.5 million, indicating ongoing institutional interest in the stock.
• The company's recent earnings report showed $0.76 earnings per share, missing estimates, with revenue down 0.9% year-over-year, highlighting potential challenges ahead.
• Academy Sports and Outdoors declared a quarterly dividend of $0.13 per share, with a dividend yield of 1.0%, and a payout ratio of 9.56%, demonstrating a commitment to returning value to shareholders.

Caisse DE Depot ET Placement DU Quebec bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 33,000 shares of the company's stock, valued at approximately $1,505,000.

A number of other institutional investors have also recently made changes to their positions in the business. Westwood Holdings Group Inc. lifted its position in Academy Sports and Outdoors by 36.1% in the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock worth $90,901,000 after buying an additional 528,367 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Academy Sports and Outdoors by 33.7% in the 1st quarter. American Century Companies Inc. now owns 1,675,428 shares of the company's stock worth $76,416,000 after acquiring an additional 422,729 shares during the last quarter. Nuveen LLC purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter worth about $13,453,000. Brandywine Global Investment Management LLC bought a new position in Academy Sports and Outdoors during the 1st quarter valued at about $11,396,000. Finally, LSV Asset Management lifted its stake in Academy Sports and Outdoors by 12.5% in the first quarter. LSV Asset Management now owns 2,182,341 shares of the company's stock worth $99,537,000 after purchasing an additional 242,300 shares during the last quarter.

Wall Street Analyst Weigh In

ASO has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday. Loop Capital set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Evercore ISI boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an "in-line" rating in a research report on Tuesday, August 26th. Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Finally, UBS Group reaffirmed a "neutral" rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research note on Sunday. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $58.71.

Academy Sports and Outdoors Stock Down 0.6%

ASO traded down $0.29 on Thursday, hitting $49.46. The company had a trading volume of 361,772 shares, compared to its average volume of 1,653,910. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The stock has a fifty day moving average price of $51.71 and a 200-day moving average price of $46.38. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio is 9.74%.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the transaction, the director owned 7,084 shares of the company's stock, valued at $315,096.32. The trade was a 38.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.62% of the stock is owned by insiders.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.