Systematic Financial Management LP Buys 19,559 Shares of Academy Sports and Outdoors, Inc. $ASO

Key Points

• Systematic Financial Management LP increased its stake in Academy Sports and Outdoors by 8.7%, holding a total of 245,164 shares valued at approximately $11.18 million.
• Academy Sports reported earnings per share of $0.76 for the most recent quarter, missing estimates by $0.13, and had a revenue of $1.35 billion, below analyst expectations.
• The company declared a $0.13 quarterly dividend, with a payout ratio of 9.56%, representing an annualized yield of 1.0%.

Systematic Financial Management LP boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,164 shares of the company's stock after buying an additional 19,559 shares during the quarter. Systematic Financial Management LP owned approximately 0.37% of Academy Sports and Outdoors worth $11,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ASO. Your Advocates Ltd. LLP boosted its stake in Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after buying an additional 411 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in 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 worth $53,000 after buying an additional 362 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Academy Sports and Outdoors in the first quarter worth approximately $64,000. Finally, Nisa Investment Advisors LLC boosted its stake in Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after buying an additional 293 shares in the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In other 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 transaction of $195,712.00. Following the completion of the transaction, the director directly owned 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.62% of the stock is owned by insiders.

Academy Sports and Outdoors Stock Down 4.7%

ASO traded down $2.67 during trading on Thursday, reaching $53.66. The stock had a trading volume of 2,488,913 shares, compared to its average volume of 1,636,116. The stock's 50 day moving average is $50.93 and its two-hundred day moving average is $46.42. 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 company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 1.02 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The firm had revenue of $1.35 billion during 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%.Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio is 9.56%.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday. Morgan Stanley dropped their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Citigroup dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a research note on Monday, July 21st. Finally, 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 for the company. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.35.

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.