Ceredex Value Advisors LLC Takes $9.35 Million Position in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Ceredex Value Advisors acquired 198,350 Academy Sports and Outdoors shares worth approximately $9.35 million, representing about 0.32% of the company. BlackRock also established a significant position valued at roughly $468.1 million.
• Analysts remain broadly cautious, with the stock carrying an average “Hold” rating and a consensus price target of $58.07 after several firms reduced their targets.
• Academy reported quarterly EPS of $0.93, exceeding estimates by $0.02, while revenue rose 6.7% year over year to $1.44 billion. The company also pays a quarterly dividend of $0.15, equivalent to a 1.3% annualized yield.

Ceredex Value Advisors LLC acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 198,350 shares of the company's stock, valued at approximately $9,348,000. Ceredex Value Advisors LLC owned about 0.32% of Academy Sports and Outdoors as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ASO. Great Lakes Advisors LLC purchased a new position in shares of Academy Sports and Outdoors in the second quarter worth $678,000. Robotti Robert purchased a new position in Academy Sports and Outdoors in the 2nd quarter worth $4,895,000. Foster & Motley Inc. purchased a new position in Academy Sports and Outdoors in the 2nd quarter worth $910,000. BlackRock Inc. acquired a new stake in Academy Sports and Outdoors during the 2nd quarter worth about $468,146,000. Finally, Deutsche Bank AG acquired a new stake in Academy Sports and Outdoors during the 2nd quarter worth about $3,363,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company reissued a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Weiss Ratings downgraded Academy Sports and Outdoors from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 11th. UBS Group dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 10th. Finally, Truist Financial cut their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a "hold" rating on the stock in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $58.07.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $45.83 on Friday. The business's 50-day moving average is $48.12 and its two-hundred day moving average is $52.97. The company has a market capitalization of $2.84 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.66 and a beta of 1.06. Academy Sports and Outdoors, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68.

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 the consensus estimate of $0.91 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Research analysts predict 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. Shareholders of record on Thursday, June 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Academy Sports and Outdoors's payout ratio is presently 10.56%.

Academy Sports and Outdoors Company 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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