Jump Financial LLC Decreases Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Jump Financial LLC significantly reduced its holdings in Academy Sports and Outdoors by 82.9%, selling 143,407 shares and now owning 29,500 shares valued at approximately $1.35 million.
• Several other institutional investors, including Your Advocates Ltd. and TD Private Client Wealth LLC, have increased their positions in Academy Sports and Outdoors, signaling mixed sentiment among investors.
• Academy Sports and Outdoors recently reported disappointing earnings, missing analysts' expectations with $0.76 EPS compared to a consensus estimate of $0.89, while also announcing a quarterly dividend of $0.13.

Jump Financial LLC reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 82.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,500 shares of the company's stock after selling 143,407 shares during the quarter. Jump Financial LLC's holdings in Academy Sports and Outdoors were worth $1,345,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Your Advocates Ltd. LLP lifted its stake in shares of Academy Sports and Outdoors by 101.5% during 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 in the last quarter. TD Private Client Wealth LLC lifted its stake in 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 worth $53,000 after purchasing an additional 362 shares in the last quarter. LGT Financial Advisors LLC lifted its stake in 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 worth $63,000 after purchasing an additional 1,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Academy Sports and Outdoors in the 1st quarter worth approximately $64,000. Finally, Nisa Investment Advisors LLC lifted its stake in 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 worth $66,000 after purchasing an additional 293 shares in the last quarter.

Academy Sports and Outdoors Stock Down 8.2%

Academy Sports and Outdoors stock traded down $4.40 during trading hours on Tuesday, hitting $49.15. The stock had a trading volume of 2,542,187 shares, compared to its average volume of 1,646,372. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.27 billion, a P/E ratio of 8.99, a price-to-earnings-growth 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 stock's 50-day moving average price is $51.50 and its 200-day moving average price is $46.33.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's payout ratio is presently 9.56%.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the transaction, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on ASO. Evercore ISI increased their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 26th. Citigroup decreased their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. UBS Group reissued a "neutral" rating and issued a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. Finally, Morgan Stanley decreased their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and an average price target 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.