Nuveen LLC Invests $13.45 Million in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Nuveen LLC has acquired a new stake in Academy Sports and Outdoors, Inc. with 294,956 shares valued at approximately $13.45 million, representing 0.44% ownership.
• Several other institutional investors, including Your Advocates Ltd. and TD Private Client Wealth LLC, have significantly increased their positions in Academy Sports and Outdoors during the first quarter, indicating growing institutional interest in the company.
• Despite reporting earnings that missed consensus estimates and a decline in revenue year-over-year, analysts maintain a generally favorable outlook with nine Buy ratings and a moderate buy average rating for the stock.

Nuveen LLC purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 294,956 shares of the company's stock, valued at approximately $13,453,000. Nuveen LLC owned about 0.44% of Academy Sports and Outdoors as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ASO. Raymond James Financial Inc. acquired a new position in Academy Sports and Outdoors during the 4th quarter worth approximately $2,342,000. MetLife Investment Management LLC boosted its position in Academy Sports and Outdoors by 3.0% during the 4th quarter. MetLife Investment Management LLC now owns 41,439 shares of the company's stock worth $2,384,000 after acquiring an additional 1,217 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Academy Sports and Outdoors by 248.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,093 shares of the company's stock worth $523,000 after acquiring an additional 6,484 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Academy Sports and Outdoors by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 421,719 shares of the company's stock worth $24,262,000 after purchasing an additional 3,756 shares in the last quarter. Finally, Syon Capital LLC bought a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $213,000.

Insider Activity 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 stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director owned 7,084 shares in the company, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Performance

ASO stock traded up $2.59 during trading hours on Wednesday, hitting $56.33. 2,197,764 shares of the stock were exchanged, compared to its average volume of 1,257,384. 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 firm has a market capitalization of $3.74 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.02 and a beta of 1.30. The company has a 50-day simple moving average of $50.93 and a two-hundred day simple moving average of $46.42. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were given a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.9%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.56%.

Analysts Set New Price Targets

ASO has been the topic of a number of analyst reports. 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 on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday. Truist Financial upped 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. UBS Group dropped their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 4th. Finally, Citigroup dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.35.

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.