Academy Sports and Outdoors, Inc. $ASO Shares Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Academy Sports and Outdoors by 34.1%, owning 26,459 shares worth approximately $1.21 million.
• Academy Sports and Outdoors reported earnings per share (EPS) of $0.76, missing estimates and showing a 0.9% year-over-year decline in revenue.
• The company has declared a quarterly dividend of $0.13 per share, with a dividend yield of 1.0% and a payout ratio of 9.56%.

Campbell & CO Investment Adviser LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 34.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,459 shares of the company's stock after buying an additional 6,733 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Academy Sports and Outdoors were worth $1,207,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP raised its stake in Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after buying an additional 411 shares in the last quarter. TD Private Client Wealth LLC boosted 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 worth $53,000 after buying an additional 362 shares during the last quarter. LGT Financial Advisors LLC grew its position 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 valued at $63,000 after acquiring an additional 1,000 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at $64,000. Finally, Nisa Investment Advisors LLC lifted its stake in Academy Sports and Outdoors by 25.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock valued at $66,000 after buying an additional 293 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday. Citigroup dropped their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Monness Crespi & Hardt began 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. Finally, Morgan Stanley lowered their target price on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $58.35.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded down $0.11 during mid-day trading on Friday, reaching $53.55. The stock had a trading volume of 2,502,930 shares, compared to its average volume of 1,318,796. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.61. The business has a 50 day simple moving average of $51.31 and a 200 day simple moving average of $46.38. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the company posted $1.08 earnings per share. The business's quarterly 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. On average, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Thursday, September 11th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio is presently 9.56%.

Insider Activity at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director owned 7,084 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. 3.62% of the stock is owned by company 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.