Eisler Capital Management Ltd. Acquires Shares of 74,569 Academy Sports and Outdoors, Inc. $ASO

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in Academy Sports and Outdoors, purchasing approximately $3.40 million worth of shares, representing 0.11% ownership in the company.
• An increase in institutional interest is evident, with several large investors like Dimensional Fund Advisors and Westwood Holdings boosting their stakes in the company in the first quarter.
• Academy Sports and Outdoors' stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average target price of $58.35.

Eisler Capital Management Ltd. acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 74,569 shares of the company's stock, valued at approximately $3,403,000. Eisler Capital Management Ltd. owned 0.11% of Academy Sports and Outdoors as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP raised its stake in Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares during the period. LGT Financial Advisors LLC grew its holdings in 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 buying an additional 1,000 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after buying an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the 1st quarter valued at about $64,000. Finally, Nisa Investment Advisors LLC grew its holdings in Academy Sports and Outdoors by 25.6% during 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.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded down $0.11 during midday trading on Monday, hitting $53.55. 2,502,930 shares of the company's stock were exchanged, compared to its average volume of 1,371,419. The business's fifty day moving average price is $51.31 and its two-hundred day moving average price is $46.33. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.01 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.61. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The firm 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 19.62% and a net margin of 6.55%.The business's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, September 11th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors's payout ratio is 9.56%.

Insiders Place Their Bets

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 value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares in the company, valued at $315,096.32. The trade was a 38.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ASO has been the subject of a number of recent analyst reports. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a report on Monday, July 21st. Truist Financial lifted their target price on Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a report on Wednesday, June 11th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, August 27th. Wells Fargo & Company boosted their price objective on Academy Sports and Outdoors from $43.00 to $55.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, UBS Group reissued a "neutral" rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a report on Sunday. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.59.

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.