Fund 1 Investments LLC Makes New $1.41 Million Investment in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Fund 1 Investments initiated a $1.41 million position in Academy Sports and Outdoors by purchasing 30,000 shares during the second quarter. BlackRock and other major institutions also established or increased their holdings.
• Analyst sentiment remains mixed, with one Strong Buy, six Buys, seven Holds and one Sell; the overall consensus is Hold with an average price target of $58.31.
• Academy reported quarterly EPS of $0.93, slightly above expectations, while revenue rose 6.7% year over year to $1.44 billion. The company also declared a quarterly dividend of $0.15 per share, yielding approximately 1.3%.

Fund 1 Investments LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,000 shares of the company's stock, valued at approximately $1,414,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $468,146,000. Dimensional Fund Advisors LP boosted its stake in shares of Academy Sports and Outdoors by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company's stock valued at $227,439,000 after buying an additional 71,888 shares in the last quarter. State Street Corp boosted its stake in shares of Academy Sports and Outdoors by 2.2% in the fourth quarter. State Street Corp now owns 2,715,677 shares of the company's stock valued at $136,028,000 after buying an additional 59,446 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Academy Sports and Outdoors by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company's stock valued at $100,261,000 after buying an additional 5,933 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Academy Sports and Outdoors by 19.5% during the fourth quarter. Morgan Stanley now owns 1,610,782 shares of the company's stock worth $80,475,000 after acquiring an additional 263,267 shares during the period.

Wall Street Analyst Weigh In

ASO has been the subject of several research analyst reports. Weiss Ratings cut Academy Sports and Outdoors from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday. Barclays decreased their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 11th. UBS Group reaffirmed a "neutral" rating on shares of Academy Sports and Outdoors in a research note on Wednesday. Stephens began coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an "overweight" rating and a $78.00 price target for the company. Finally, Wells Fargo & Company reiterated a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Hold" and an average target price of $58.31.

Academy Sports and Outdoors Stock Performance

ASO opened at $44.94 on Friday. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44. The stock has a market cap of $2.79 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.65 and a beta of 1.02. The stock's 50 day simple moving average is $46.84 and its 200 day simple moving average is $51.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36.

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, topping the consensus estimate of $0.91 by $0.02. The firm 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%.Academy Sports and Outdoors's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Academy Sports and Outdoors's payout ratio is 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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