24,427 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC acquired a new stake in Academy Sports and Outdoors, purchasing 24,427 shares valued at approximately $1.1 million.
• Academy Sports reported a net loss of $0.13 per share compared to analyst estimates, with quarterly revenue down 0.9% year-over-year.
• The company's shares have recently been experiencing a decline, trading down 2.2% with current analyst ratings indicating a "Moderate Buy" consensus.

Kovitz Investment Group Partners LLC purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,427 shares of the company's stock, valued at approximately $1,114,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASO. Your Advocates Ltd. LLP boosted its stake in Academy Sports and Outdoors by 101.5% in the first 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 last quarter. TD Private Client Wealth LLC grew its holdings 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 lifted its position 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 valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 during the period. Finally, US Bancorp DE boosted its stake in Academy Sports and Outdoors by 280.0% in the 1st quarter. US Bancorp DE now owns 1,657 shares of the company's stock worth $76,000 after purchasing an additional 1,221 shares during the period.

Academy Sports and Outdoors Stock Down 0.8%

Shares of ASO traded down $0.4260 on Monday, reaching $53.5240. The company's stock had a trading volume of 156,805 shares, compared to its average volume of 1,622,077. 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, Inc. has a twelve month low of $33.34 and a twelve month high of $64.61. The stock has a market capitalization of $3.56 billion, a PE ratio of 9.80, a PEG ratio of 1.01 and a beta of 1.30. The firm has a fifty day moving average of $50.37 and a 200-day moving average of $46.27.

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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.56%.

Analyst Ratings Changes

ASO has been the subject of a number of research analyst reports. Loop Capital set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Telsey Advisory Group upped their target price on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Citigroup reduced their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Monness Crespi & Hardt assumed coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They set a "buy" rating and a $65.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Academy Sports and Outdoors from $43.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.24.

Insider Activity at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction dated 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. This trade represents a 38.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Company Profile

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.