Robotti Robert Makes New Investment in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Robotti Robert acquired 103,860 shares of Academy Sports and Outdoors during the second quarter, valued at approximately $4.9 million and representing a 0.17% stake.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $58.07; several firms recently lowered their targets.
• Academy reported first-quarter earnings of $0.93 per share, slightly above estimates, while revenue rose 6.7% year over year to $1.44 billion. The company also pays a quarterly dividend of $0.15 per share, yielding about 1.3%.

Robotti Robert purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 103,860 shares of the company's stock, valued at approximately $4,895,000. Robotti Robert owned 0.17% of Academy Sports and Outdoors at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in shares of Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company's stock worth $26,000 after buying an additional 281 shares during the period. EverSource Wealth Advisors LLC raised its position in Academy Sports and Outdoors by 38.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company's stock valued at $52,000 after buying an additional 258 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at approximately $51,000. State of Wyoming bought a new stake in Academy Sports and Outdoors in the 2nd quarter valued at approximately $55,000. Finally, Advisory Services Network LLC bought a new stake in Academy Sports and Outdoors in the 3rd quarter valued at approximately $61,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays reduced their price target on Academy Sports and Outdoors from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Thursday, June 11th. Weiss Ratings lowered shares of Academy Sports and Outdoors from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 11th. Stephens assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They issued an "overweight" rating and a $78.00 price objective on the stock. Wells Fargo & Company restated a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Finally, Truist Financial decreased their target price on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a "hold" rating for the company in a research report on Wednesday, June 10th. One investment 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, Academy Sports and Outdoors has an average rating of "Hold" and an average price target of $58.07.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $46.88 on Wednesday. The stock has a 50 day moving average price of $48.41 and a 200 day moving average price of $53.15. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $62.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The stock has a market capitalization of $2.91 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.76 earnings per share. The business's revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Analysts predict that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, June 18th. Academy Sports and Outdoors's payout ratio 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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