Academy Sports and Outdoors, Inc. $ASO Holdings Raised by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Academy Sports and Outdoors by 5.9% during the second quarter, owning approximately $9 million worth of shares.
• Analysts have set a new price target for Academy Sports and Outdoors, with Truist Financial raising it to $50.00 and Barclays initiating coverage at $51.00, and the stock holds an average rating of "Hold."
• In its latest earnings report, Academy Sports and Outdoors missed expectations with $1.82 earnings per share, falling short of the consensus estimate of $2.14.

Allianz Asset Management GmbH increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,179 shares of the company's stock after purchasing an additional 11,147 shares during the quarter. Allianz Asset Management GmbH owned about 0.30% of Academy Sports and Outdoors worth $9,015,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Your Advocates Ltd. LLP lifted its stake in shares of Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after acquiring an additional 411 shares during the period. TD Private Client Wealth LLC lifted its position in Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after purchasing an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Academy Sports and Outdoors in the first quarter worth approximately $64,000. Nisa Investment Advisors LLC increased its position in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock valued at $66,000 after purchasing an additional 293 shares during the period. Finally, US Bancorp DE increased its position in shares of Academy Sports and Outdoors by 280.0% during the 1st quarter. US Bancorp DE now owns 1,657 shares of the company's stock valued at $76,000 after purchasing an additional 1,221 shares during the period.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial raised their target price on Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Academy Sports and Outdoors in a research report on Wednesday, October 8th. Cowen reaffirmed a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Barclays started coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, September 30th. They set an "equal weight" rating and a $51.00 target price for the company. Finally, Wells Fargo & Company restated a "positive" rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $58.37.

Academy Sports and Outdoors Trading Down 0.2%

Shares of ASO opened at $50.47 on Wednesday. The business's 50-day moving average price is $51.15 and its 200 day moving average price is $46.88. The stock has a market capitalization of $3.36 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.02 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $61.25. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.14 by ($0.32). The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.74%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.