The Manufacturers Life Insurance Company Invests $1.44 Million in Academy Sports and Outdoors, Inc. $ASO

Key Points

• The Manufacturers Life Insurance Company acquired 30,638 shares of Academy Sports and Outdoors in the second quarter, valued at approximately $1.44 million. Several other institutional investors also initiated positions.
• Academy reported quarterly EPS of $0.93, exceeding estimates of $0.91, while revenue reached $1.44 billion, up 6.7% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.40–$6.80.
• ASO shares opened at $43.68, below the analyst consensus price target of $58.31. Despite some recent target reductions, analysts maintain a “Moderate Buy” consensus rating.

The Manufacturers Life Insurance Company purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,638 shares of the company's stock, valued at approximately $1,444,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Trust Company N.A purchased a new position in Academy Sports and Outdoors during the 2nd quarter worth $231,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth $7,951,000. Pinnacle Holdings LLC bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth $1,354,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth $38,000. Finally, Callan Family Office LLC purchased a new position in shares of Academy Sports and Outdoors during the second quarter valued at $548,000.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $43.68 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.63 and a beta of 1.02. The firm's 50 day simple moving average is $46.91 and its 200-day simple moving average is $52.01. Academy Sports and Outdoors, Inc. has a 12 month low of $41.29 and a 12 month high of $62.44.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ASO shares. Telsey Advisory Group decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday. UBS Group reissued a "neutral" rating on shares of Academy Sports and Outdoors in a research report on Wednesday. Stephens initiated coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an "overweight" rating and a $78.00 price target for the company. The Goldman Sachs Group lowered their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a "neutral" rating on the stock in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.31.

Academy Sports and Outdoors Company Profile

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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