BlackRock Inc. Makes New $468.15 Million Investment in Academy Sports and Outdoors, Inc. $ASO

BlackRock Inc. acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,933,075 shares of the company's stock, valued at approximately $468,146,000. BlackRock Inc. owned about 16.02% of Academy Sports and Outdoors as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC bought a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $2,660,000. Systematic Financial Management LP lifted its stake in shares of Academy Sports and Outdoors by 22.7% in the 4th quarter. Systematic Financial Management LP now owns 319,748 shares of the company's stock valued at $15,975,000 after acquiring an additional 59,051 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Academy Sports and Outdoors by 12.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company's stock valued at $78,591,000 after acquiring an additional 176,463 shares during the last quarter. Delphi Management Inc. MA purchased a new stake in Academy Sports and Outdoors during the 1st quarter valued at about $1,190,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Academy Sports and Outdoors during the 1st quarter valued at about $1,671,000.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $46.15 on Tuesday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.66 and a beta of 1.06. The stock has a fifty day moving average of $48.06 and a 200 day moving average of $52.86. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $62.44. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $0.76 EPS. The company's quarterly revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Academy Sports and Outdoors's payout ratio is currently 10.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ASO shares. Barclays decreased their price target on Academy Sports and Outdoors from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 11th. The Goldman Sachs Group lowered their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, June 10th. Truist Financial dropped their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a "hold" rating for the company in a research report on Wednesday, June 10th. Stephens started coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an "overweight" rating and a $78.00 price target on the stock. Finally, UBS Group decreased their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $58.07.

Academy Sports and Outdoors Profile

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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