Teza Capital Management LLC Invests $411,000 in Academy Sports and Outdoors, Inc. $ASO

Key Points

• Teza Capital Management LLC acquired 9,022 shares of Academy Sports and Outdoors, Inc., valued at approximately $411,000, in the first quarter, indicating increased interest from institutional investors.
• The company has set its FY 2025 EPS guidance between 5.450 and 6.25, with analysts predicting an average earnings per share of 5.59 for the current year.
• Academy Sports has declared a quarterly dividend of $0.13, representing a 1.0% yield, with a payout ratio of 9.74%.

Teza Capital Management LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,022 shares of the company's stock, valued at approximately $411,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Your Advocates Ltd. LLP raised its holdings in shares of Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after purchasing an additional 411 shares during the period. TD Private Client Wealth LLC grew its position in shares of Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after acquiring an additional 362 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Academy Sports and Outdoors during the first quarter worth about $64,000. Nisa Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after acquiring an additional 293 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Academy Sports and Outdoors by 280.0% during the first quarter. US Bancorp DE now owns 1,657 shares of the company's stock worth $76,000 after acquiring an additional 1,221 shares during the last quarter.

Academy Sports and Outdoors Trading Down 3.2%

ASO stock traded down $1.55 during mid-day trading on Friday, reaching $46.47. 1,873,696 shares of the stock traded hands, compared to its average volume of 1,588,657. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.61. The company has a market cap of $3.10 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.97 and a beta of 1.30. The stock's fifty day moving average is $52.05 and its 200-day moving average is $46.21.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company posted $1.08 earnings per share. Academy Sports and Outdoors's quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Academy Sports and Outdoors's dividend payout ratio is currently 9.74%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the company'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 completion of the sale, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.62% of the company's stock.

Analysts Set New Price Targets

ASO has been the subject of several recent research reports. Bank of America lowered their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. JPMorgan Chase & Co. upped their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Evercore ISI increased their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an "in-line" rating in a research report on Tuesday, August 26th. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, September 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.78.

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.