Engineers Gate Manager LP Takes $1.33 Million Position in Academy Sports and Outdoors, Inc. $ASO

Engineers Gate Manager LP acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,267 shares of the company's stock, valued at approximately $1,332,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Academy Sports and Outdoors during the second quarter valued at $104,000. Baird Financial Group Inc. grew its holdings in Academy Sports and Outdoors by 4.9% during the second quarter. Baird Financial Group Inc. now owns 274,145 shares of the company's stock valued at $12,920,000 after purchasing an additional 12,756 shares during the period. Nykredit A S purchased a new stake in Academy Sports and Outdoors in the second quarter worth about $119,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Academy Sports and Outdoors in the second quarter worth about $438,000. Finally, HB Wealth Management LLC raised its stake in shares of Academy Sports and Outdoors by 9.5% in the second quarter. HB Wealth Management LLC now owns 4,288 shares of the company's stock worth $202,000 after buying an additional 371 shares during the period.

Academy Sports and Outdoors News Roundup

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Shares increased after Academy reported quarterly EPS of $2.31, exceeding the $2.07 consensus estimate. Revenue rose 3% year over year to $1.65 billion, while fiscal 2026 EPS guidance of $6.50–$6.90 was viewed favorably. Plans to roll out Hoka footwear in its stores provide an additional growth catalyst. Academy Sports Is Up After Earnings Beat, Higher EPS Outlook and Hoka Rollout
• Neutral Sentiment: Brokerages maintain an average “Hold” rating on ASO. The consensus price target is $58.29, indicating potential upside from recent trading levels, but the rating reflects limited analyst conviction. Academy Sports Receives Average Recommendation of Hold
• Neutral Sentiment: Academy presented at the Goldman Sachs Global Consumer and Retail Conference, giving investors additional management commentary. No specific material change to its outlook was identified in the available transcript. Academy Sports Presents at Goldman Sachs Conference
• Negative Sentiment: President Samuel J. Johnson sold 95,883 shares for approximately $5.02 million across September 14–15, reducing his direct ownership substantially. Although insider sales can reflect personal financial planning, the size of the transactions may create an overhang for ASO. SEC Insider Transaction Filing
• Negative Sentiment: Director Brian Marley sold 10,432 shares valued at approximately $555,500, cutting his ownership by about 24%. The sale does not affect Academy’s operations but adds to the recent pattern of insider selling. SEC Director Transaction Filing

Academy Sports and Outdoors Trading Down 1.5%

ASO stock opened at $49.68 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44. The business has a 50 day simple moving average of $47.56 and a two-hundred day simple moving average of $51.32. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.71 and a beta of 1.02.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter last year, the business posted $1.94 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.21 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, September 16th. Academy Sports and Outdoors's payout ratio is currently 10.00%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Brian Marley sold 10,432 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director owned 32,607 shares of the company's stock, valued at $1,736,322.75. This represents a 24.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Samuel J. Johnson sold 70,303 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $51.79, for a total value of $3,640,992.37. Following the transaction, the president owned 36,861 shares of the company's stock, valued at $1,909,031.19. This represents a 65.60% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 106,315 shares of company stock worth $5,576,537. Corporate insiders own 4.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings cut Academy Sports and Outdoors from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, September 3rd. Telsey Advisory Group increased their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, September 10th. BMO Capital Markets set a $42.00 target price on shares of Academy Sports and Outdoors and gave the stock a "market perform" rating in a research note on Thursday, September 10th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "hold" rating in a report on Thursday, September 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $58.29.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.

Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.

The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.

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