Academy Sports and Outdoors, Inc. $ASO Shares Bought by Aviance Capital Partners LLC

Key Points

• Aviance Capital Partners increased its Academy Sports and Outdoors position by 41.3% in the third quarter, acquiring 49,916 additional shares for a total holding of 170,836 shares valued at approximately $8.2 million.
• Institutional ownership expanded as several major investors, including BlackRock, Canada Pension Plan Investment Board and Bank of New York Mellon, established or increased positions. However, company insiders sold 106,315 shares worth about $5.6 million over the past 90 days.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $58.54. The company recently beat quarterly earnings expectations, reporting $2.31 in EPS versus the $2.07 consensus, and pays a quarterly dividend of $0.15.

Aviance Capital Partners LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 41.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,836 shares of the company's stock after purchasing an additional 49,916 shares during the period. Academy Sports and Outdoors comprises about 0.8% of Aviance Capital Partners LLC's investment portfolio, making the stock its 24th largest position. Aviance Capital Partners LLC owned about 0.28% of Academy Sports and Outdoors worth $8,216,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Academy Sports and Outdoors in the 2nd quarter valued at $468,146,000. Dimensional Fund Advisors LP raised its position in Academy Sports and Outdoors by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company's stock worth $227,439,000 after purchasing an additional 71,888 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Academy Sports and Outdoors in the second quarter worth about $61,207,000. Bank of New York Mellon Corp acquired a new position in Academy Sports and Outdoors in the second quarter worth about $27,742,000. Finally, Heartland Advisors Inc. bought a new position in Academy Sports and Outdoors during the second quarter worth about $26,579,000.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, President Samuel Johnson sold 70,303 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total transaction of $3,640,992.37. Following the sale, the president owned 36,861 shares of the company's stock, valued at $1,909,031.19. This represents a 65.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian T. Marley sold 10,432 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the sale, the director owned 32,607 shares of the company's stock, valued at $1,736,322.75. The trade was a 24.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 106,315 shares of company stock valued at $5,576,537 over the last ninety days. 4.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets set a $42.00 price objective on Academy Sports and Outdoors and gave the company a "market perform" rating in a report on Thursday, September 10th. Truist Financial upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday, September 10th. Telsey Advisory Group increased their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, September 10th. Weiss Ratings upgraded Academy Sports and Outdoors from a "sell (d+)" rating to a "hold (c)" rating in a research report on Thursday, September 17th. Finally, Barclays raised their target price on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $58.54.

Academy Sports and Outdoors Stock Down 1.9%

Shares of ASO opened at $59.20 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 9.87, a PEG ratio of 0.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. Academy Sports and Outdoors, Inc. has a one year low of $41.29 and a one year high of $62.44. The business's 50 day simple moving average is $51.36 and its 200-day simple moving average is $52.81.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.24. The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.65 billion. Academy Sports and Outdoors had a return on equity of 18.36% and a net margin of 6.39%. The business's revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.24 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Academy Sports and Outdoors's payout ratio is currently 10.00%.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.

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