Islay Capital Management LLC Takes $1.20 Million Position in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Islay Capital Management LLC purchased a new stake in Academy Sports and Outdoors, acquiring 26,396 shares valued at approximately $1.2 million in the first quarter.
• Academy Sports and Outdoors reported earnings per share of $0.76 for the last quarter, falling short of analysts' expectations of $0.89, along with a revenue decline of 0.9% year-over-year.
• The company announced a quarterly dividend of $0.13 per share, representing an annualized yield of 1.0%, with a payout ratio of 9.56%.

Islay Capital Management LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,396 shares of the company's stock, valued at approximately $1,204,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASO. Your Advocates Ltd. LLP increased its stake in shares of 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 buying an additional 411 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Academy Sports and Outdoors by 45.6% in 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 during the period. LGT Financial Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 1,041.7% in 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 during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at $64,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 25.6% in 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 during the period.

Academy Sports and Outdoors Stock Up 4.6%

NASDAQ:ASO opened at $53.95 on Monday. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year 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. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.01 and a beta of 1.30. The stock has a 50-day moving average price of $50.37 and a two-hundred day moving average price of $46.27.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm's revenue 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. As a group, equities analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is presently 9.56%.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Bank of America decreased their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Monness Crespi & Hardt initiated coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They set a "buy" rating and a $65.00 price objective for the company. Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a research note on Monday, July 21st. Truist Financial lifted their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Finally, Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $58.24.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.62% of the company's stock.

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.

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