Academy Sports and Outdoors, Inc. $ASO Shares Bought by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. has increased its stake in Academy Sports and Outdoors by 35.1% in Q1, now owning 751,872 shares valued at approximately $34.3 million.
• Academy Sports reported $0.76 earnings per share for the latest quarter, missing estimates by $0.13, with a revenue decline of 0.9% year-over-year.
• The firm announced a $0.13 quarterly dividend, equating to a 1.0% yield, and a payout ratio of 9.56%.

Fuller & Thaler Asset Management Inc. raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 35.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 751,872 shares of the company's stock after purchasing an additional 195,490 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.13% of Academy Sports and Outdoors worth $34,293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position in Academy Sports and Outdoors by 7.3% in the 1st quarter. CWM LLC now owns 3,888 shares of the company's stock worth $177,000 after purchasing an additional 266 shares during the period. SummerHaven Investment Management LLC raised its position in Academy Sports and Outdoors by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after purchasing an additional 275 shares during the period. Allspring Global Investments Holdings LLC raised its position in Academy Sports and Outdoors by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock worth $299,000 after purchasing an additional 283 shares during the period. Moody National Bank Trust Division increased its position in shares of Academy Sports and Outdoors by 1.7% during the first quarter. Moody National Bank Trust Division now owns 17,636 shares of the company's stock worth $804,000 after acquiring an additional 287 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock valued at $66,000 after acquiring an additional 293 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Monness Crespi & Hardt assumed coverage on Academy Sports and Outdoors in a report on Monday, August 4th. They issued a "buy" rating and a $65.00 price target for the company. Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $43.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Finally, Citigroup lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.24.

Insider Activity at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Up 4.6%

ASO stock traded up $2.35 during trading on Friday, hitting $53.95. 1,098,806 shares of the company's stock traded hands, compared to its average volume of 1,262,972. The firm has a market capitalization of $3.59 billion, a P/E ratio of 9.92, a PEG ratio of 1.01 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $50.37 and a two-hundred day simple moving average of $46.31.

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

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is presently 9.56%.

Academy Sports and Outdoors Profile

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.