Academy Sports and Outdoors, Inc. $ASO Position Reduced by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Academy Sports and Outdoors, selling 5,571 shares, resulting in ownership of 60,761 shares, which represent 0.09% of the company.
• Analysts have varying opinions on Academy Sports and Outdoors, with nine indicating a "buy" rating and eight a "hold" rating, and an average target price of $58.24.
• Academy Sports reported a missed earnings per share (EPS) estimate of $0.76 versus the expected $0.89, alongside a year-over-year revenue decline of 0.9% to $1.35 billion.

Deutsche Bank AG decreased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,761 shares of the company's stock after selling 5,571 shares during the period. Deutsche Bank AG owned about 0.09% of Academy Sports and Outdoors worth $2,771,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ASO. Bank of Montreal Can lifted its position in shares of Academy Sports and Outdoors by 7.0% during the fourth quarter. Bank of Montreal Can now owns 9,114 shares of the company's stock worth $524,000 after purchasing an additional 598 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Academy Sports and Outdoors during the fourth quarter worth about $2,342,000. Sterling Capital Management LLC lifted its holdings in Academy Sports and Outdoors by 724.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after acquiring an additional 1,428 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Academy Sports and Outdoors by 25.4% in the fourth quarter. Townsquare Capital LLC now owns 5,166 shares of the company's stock worth $297,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Academy Sports and Outdoors by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock worth $212,807,000 after acquiring an additional 404,863 shares during the last quarter.

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of the business'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 transaction of $195,712.00. Following the sale, the director owned 7,084 shares of the company's stock, valued at $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ASO. Morgan Stanley cut 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 report on Wednesday, June 11th. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday, August 4th. They issued a "buy" rating and a $65.00 target price on the stock. Citigroup cut their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a report on Monday, July 21st. Finally, UBS Group cut their price target on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, June 4th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.24.

Academy Sports and Outdoors Stock Performance

Shares of ASO traded down $0.10 during mid-day trading on Monday, reaching $53.85. 1,177,560 shares of the company's stock traded hands, compared to its average volume of 1,264,310. The business's 50-day moving average price is $50.51 and its 200-day moving average price is $46.29. The stock has a market capitalization of $3.58 billion, a P/E ratio of 9.90, a price-to-earnings-growth 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, Inc. has a 12 month low of $33.34 and a 12 month high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $1.08 EPS. Academy Sports and Outdoors's revenue for the quarter 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. Equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were issued a dividend of $0.13 per share. 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 payout ratio is presently 9.56%.

About Academy Sports and Outdoors

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.