State of Wyoming Buys New Shares in Academy Sports and Outdoors, Inc. $ASO

Key Points

• The State of Wyoming acquired 5,847 shares of Academy Sports and Outdoors, Inc. valued at approximately $267,000 in the first quarter.
• Insider Christopher Lee Turner sold 4,400 shares at an average price of $44.48, reducing their ownership by 38.31%.
• Academy Sports and Outdoors' quarterly earnings report showed a miss with $0.76 EPS compared to the consensus estimate of $0.89.

State of Wyoming bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,847 shares of the company's stock, valued at approximately $267,000.

Other large investors have also made changes to their positions in the company. Your Advocates Ltd. LLP increased its holdings in shares of 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 in the last quarter. TD Private Client Wealth LLC increased 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 purchasing an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at about $64,000. Nisa Investment Advisors LLC increased its holdings in shares of 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 valued at $66,000 after purchasing an additional 293 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Academy Sports and Outdoors by 280.0% in the 1st quarter. US Bancorp DE now owns 1,657 shares of the company's stock valued at $76,000 after purchasing an additional 1,221 shares in the last quarter.

Insider Activity

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the firm's 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASO. Wells Fargo & Company reiterated a "positive" rating on shares of Academy Sports and Outdoors in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday. Cowen restated a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday. UBS Group restated a "neutral" rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Finally, Bank of America dropped their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.71.

Academy Sports and Outdoors Trading Up 1.6%

Shares of Academy Sports and Outdoors stock traded up $0.82 during mid-day trading on Friday, hitting $50.86. 1,360,622 shares of the stock were exchanged, compared to its average volume of 1,558,572. 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 $3.39 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.30. The company has a 50-day simple moving average of $51.89 and a 200 day simple moving average of $46.30. The company has a current ratio of 1.64, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.74%.

Academy Sports and Outdoors 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.