28,361 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC acquired a new stake of 28,361 shares in Academy Sports and Outdoors, valued at approximately $1.29 million, during the first quarter of the year.
• Several institutional investors increased their holdings in Academy Sports, with notable investments including a 280% increase by US Bancorp DE and a 101.5% increase by Your Advocates Ltd. LLP.
• Academy Sports and Outdoors reported quarterly earnings of $0.76 EPS, below the consensus estimate of $0.89, alongside a recent declaration of a quarterly dividend of $0.13 per share.

Magnetar Financial LLC acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,361 shares of the company's stock, valued at approximately $1,294,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP raised its stake in 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 purchasing an additional 411 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Academy Sports and Outdoors by 45.6% in the first 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 last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Academy Sports and Outdoors during the first quarter valued at approximately $64,000. Nisa Investment Advisors LLC boosted its position in Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after acquiring an additional 293 shares during the last quarter. Finally, US Bancorp DE grew 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 acquiring an additional 1,221 shares during the period.

Academy Sports and Outdoors Stock Up 0.7%

NASDAQ:ASO traded up $0.37 during mid-day trading on Thursday, hitting $50.11. The company had a trading volume of 1,061,934 shares, compared to its average volume of 1,657,823. The business has a fifty day simple moving average of $51.71 and a 200-day simple moving average of $46.38. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 1.01 and a beta of 1.30. 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.

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 for the quarter, missing the consensus estimate 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 return on equity of 19.62% and a net margin of 6.55%.Academy Sports and Outdoors's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's payout ratio is presently 9.74%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Cowen reissued a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday. Morgan Stanley reduced their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a report on Monday, July 21st. Evercore ISI upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an "in-line" rating in a research note on Tuesday, August 26th. Finally, Citigroup cut shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $55.00 to $50.00 in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.71.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction 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 sale, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.