Academy Sports and Outdoors, Inc. $ASO Shares Sold by Voss Capital LP

Key Points

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Voss Capital LP lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 37.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,778 shares of the company's stock after selling 159,222 shares during the quarter. Academy Sports and Outdoors accounts for approximately 0.9% of Voss Capital LP's holdings, making the stock its 25th biggest holding. Voss Capital LP owned 0.39% of Academy Sports and Outdoors worth $11,894,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ASO. Hood River Capital Management LLC purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $42,320,000. Westwood Holdings Group Inc. increased its position in Academy Sports and Outdoors by 36.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock worth $90,901,000 after purchasing an additional 528,367 shares in the last quarter. American Century Companies Inc. increased its position in Academy Sports and Outdoors by 33.7% during the 1st quarter. American Century Companies Inc. now owns 1,675,428 shares of the company's stock worth $76,416,000 after purchasing an additional 422,729 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Academy Sports and Outdoors by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock worth $212,807,000 after purchasing an additional 404,863 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth about $13,453,000.

Academy Sports and Outdoors Stock Up 4.6%

Shares of NASDAQ:ASO traded up $2.35 during mid-day trading on Friday, hitting $53.95. 1,098,806 shares of the company traded hands, compared to its average volume of 1,264,310. The firm has a market cap of $3.59 billion, a P/E ratio of 9.92, a PEG ratio of 1.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.61. The firm's 50 day simple moving average is $50.37 and its 200 day simple moving average is $46.27.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were given a dividend of $0.13 per share. 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 payout ratio is currently 9.56%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction that occurred 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 owned 7,084 shares in the company, valued at $315,096.32. The trade was a 38.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial lifted their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research report 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 report on Wednesday, June 4th. UBS Group dropped their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, June 4th. 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 report on Wednesday, June 11th. Finally, Loop Capital set a $65.00 price objective on Academy Sports and Outdoors in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.24.

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.