Bwcp LP Has $17.93 Million Position in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Bwcp LP reduced its stake in Academy Sports and Outdoors by 1.6%, owning approximately $17.93 million worth of shares.
• Several institutional investors, including Your Advocates Ltd. LLP and TD Private Client Wealth LLC, significantly increased their stakes in the company during the first quarter.
• Academy Sports and Outdoors plans to pay a quarterly dividend of $0.13 per share on October 9th, reflecting a dividend yield of 1.1%.

Bwcp LP cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 393,098 shares of the company's stock after selling 6,327 shares during the period. Academy Sports and Outdoors makes up approximately 3.6% of Bwcp LP's investment portfolio, making the stock its 14th largest position. Bwcp LP owned about 0.59% of Academy Sports and Outdoors worth $17,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Your Advocates Ltd. LLP grew its stake in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of 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 valued at $53,000 after acquiring an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors in the first quarter valued at about $64,000. Nisa Investment Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 25.6% in 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. Finally, US Bancorp DE grew its stake in shares of Academy Sports and Outdoors by 280.0% in the first quarter. US Bancorp DE now owns 1,657 shares of the company's stock valued at $76,000 after acquiring an additional 1,221 shares in the last quarter.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Price Performance

Shares of ASO stock traded down $0.67 on Monday, reaching $50.19. The company had a trading volume of 491,032 shares, compared to its average volume of 1,653,396. The stock has a market capitalization of $3.34 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.61. The business's 50-day moving average is $51.89 and its 200 day moving average is $46.27.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 18.47% and a net margin of 6.21%.The firm's revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio is currently 9.74%.

Wall Street Analyst Weigh In

ASO has been the topic of several research reports. Wells Fargo & Company restated a "positive" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, July 21st. UBS Group reaffirmed a "neutral" rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. Finally, Monness Crespi & Hardt started coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They set a "buy" rating and a $65.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and an average target price of $58.78.

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.