Maple Rock Capital Partners Inc. Lowers Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Maple Rock Capital Partners cut its Academy Sports and Outdoors holdings by 30.2% in the second quarter, selling 253,600 shares and retaining 586,400 shares worth approximately $27.6 million, or 0.95% of the company.
• Analyst sentiment remains cautious: ASO has an overall consensus rating of “Hold” and an average price target of $58.07, despite Stephens initiating coverage with an “Overweight” rating and a $78 target.
• Academy reported quarterly EPS of $0.93, slightly ahead of estimates, while revenue rose 6.7% year over year to $1.44 billion. The company also pays a $0.15 quarterly dividend, equivalent to a 1.4% yield.

Maple Rock Capital Partners Inc. reduced its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 30.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 586,400 shares of the company's stock after selling 253,600 shares during the quarter. Maple Rock Capital Partners Inc. owned approximately 0.95% of Academy Sports and Outdoors worth $27,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ASO. Northwestern Mutual Wealth Management Co. acquired a new stake in Academy Sports and Outdoors in the 2nd quarter worth about $38,000. EverSource Wealth Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 38.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company's stock valued at $52,000 after acquiring an additional 258 shares during the last quarter. State of Wyoming acquired a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $55,000. Advisory Services Network LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter worth approximately $61,000. Finally, Clearstead Advisors LLC grew its holdings in Academy Sports and Outdoors by 192.6% in the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company's stock valued at $65,000 after purchasing an additional 863 shares during the period.

Analyst Ratings Changes

Several brokerages recently commented on ASO. UBS Group dropped their price target on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, June 10th. Weiss Ratings lowered shares of Academy Sports and Outdoors from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 11th. JPMorgan Chase & Co. lowered their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, June 10th. Wells Fargo & Company restated a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Finally, Stephens assumed coverage on Academy Sports and Outdoors in a research report on Wednesday, May 13th. They issued an "overweight" rating and a $78.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $58.07.

Academy Sports and Outdoors Price Performance

ASO opened at $42.96 on Tuesday. The company has a fifty day simple moving average of $47.29 and a 200 day simple moving average of $52.33. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.63 and a beta of 1.06. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. The company 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%.The business's revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were paid a $0.15 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 10.56%.

About Academy Sports and Outdoors

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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