BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $8.27 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Academy Sports and Outdoors by 12.8%, selling 26,600 shares to hold a total of 181,362 shares valued at approximately $8.27 million.
• Director Christopher Lee Turner sold 4,400 shares at $44.48, resulting in a 38.31% decrease in his position in the company.
• Academy Sports and Outdoors reported a missed earnings estimate of $0.76 per share, with revenue of $1.35 billion for the quarter, resulting in a 0.9% year-over-year decline.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 12.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,362 shares of the company's stock after selling 26,600 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.27% of Academy Sports and Outdoors worth $8,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ASO. Your Advocates Ltd. LLP boosted its holdings in shares of Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after buying an additional 411 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after buying an additional 362 shares during the period. LGT Financial Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after buying an additional 1,000 shares during the period. Nisa Investment Advisors LLC boosted its holdings 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 worth $66,000 after buying an additional 293 shares during the period. Finally, US Bancorp DE boosted its holdings 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 worth $76,000 after buying an additional 1,221 shares during the period.

Wall Street Analyst Weigh In

ASO has been the subject of several research analyst reports. Bank of America reduced their target price on shares of 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 initiated coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They issued a "buy" rating and a $65.00 price objective for the company. Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday. UBS Group cut their price objective on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, June 4th. Finally, Citigroup cut their price objective on shares of 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 research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.35.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock traded down $2.67 on Thursday, reaching $53.66. 2,515,932 shares of the stock were exchanged, compared to its average volume of 1,636,282. The firm's 50 day moving average is $50.93 and its 200-day moving average is $46.42. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.61. 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 firm has a market cap of $3.57 billion, a PE ratio of 9.86, a P/E/G ratio of 1.02 and a beta of 1.30.

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

Academy Sports and Outdoors Announces Dividend

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

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were 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. This represents a 38.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by insiders.

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.