Dupree Financial Group LLC Purchases 62,607 Shares of Academy Sports and Outdoors, Inc. $ASO

Key Points

• Dupree Financial Group LLC increased its holdings in Academy Sports and Outdoors by 103.1% in Q2, acquiring 62,607 additional shares, bringing its total ownership to 123,351 shares valued at approximately $5.53 million.
• Academy Sports and Outdoors reported Q2 earnings of $1.82 per share, missing estimates by $0.32, while revenue increased by 3.3% year-over-year to $1.60 billion.
• The company declared a quarterly dividend of $0.13 per share, representing an annualized yield of 1.0%, with a low payout ratio of 9.74%.

Dupree Financial Group LLC lifted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 103.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,351 shares of the company's stock after buying an additional 62,607 shares during the quarter. Academy Sports and Outdoors comprises 2.2% of Dupree Financial Group LLC's holdings, making the stock its 20th biggest position. Dupree Financial Group LLC owned 0.19% of Academy Sports and Outdoors worth $5,527,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. William Blair Investment Management LLC increased its position in Academy Sports and Outdoors by 45.2% during the second quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company's stock worth $64,528,000 after acquiring an additional 448,582 shares during the period. Allianz Asset Management GmbH grew its position in shares of Academy Sports and Outdoors by 5.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 201,179 shares of the company's stock worth $9,015,000 after purchasing an additional 11,147 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Academy Sports and Outdoors during the second quarter worth approximately $452,000. CWM LLC raised its position in shares of Academy Sports and Outdoors by 174.9% in the second quarter. CWM LLC now owns 10,689 shares of the company's stock valued at $479,000 after buying an additional 6,801 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Academy Sports and Outdoors by 5.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,631 shares of the company's stock valued at $252,000 after buying an additional 288 shares during the period.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $50.56 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.37 billion, a PE ratio of 9.47, a P/E/G ratio of 1.04 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $61.25. The business's 50-day moving average price is $51.18 and its two-hundred day moving average price is $46.85.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.14 by ($0.32). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.03 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio is presently 9.74%.

Analysts Set New Price Targets

ASO has been the topic of a number of recent research reports. Citigroup lowered Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Evercore ISI raised their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 14th. Barclays assumed coverage on Academy Sports and Outdoors in a research note on Tuesday, September 30th. They issued an "equal weight" rating and a $51.00 price target for the company. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Finally, Guggenheim restated a "buy" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.37.

Academy Sports and Outdoors Company 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.

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