Academy Sports and Outdoors, Inc. $ASO Holdings Cut by Impala Asset Management LLC

Impala Asset Management LLC lowered its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 17.6% in the third quarter, Holdings Channel reports. The institutional investor owned 397,115 shares of the company’s stock after selling 84,809 shares during the period. Academy Sports and Outdoors accounts for 13.5% of Impala Asset Management LLC’s holdings, making the stock its 3rd biggest position. Impala Asset Management LLC’s holdings in Academy Sports and Outdoors were worth $19,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. LSV Asset Management increased its holdings in shares of Academy Sports and Outdoors by 43.0% in the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock valued at $139,798,000 after acquiring an additional 937,449 shares during the period. Norges Bank bought a new stake in Academy Sports and Outdoors during the second quarter valued at about $34,228,000. Hood River Capital Management LLC grew its stake in Academy Sports and Outdoors by 125.0% in the second quarter. Hood River Capital Management LLC now owns 782,742 shares of the company’s stock valued at $35,075,000 after purchasing an additional 434,894 shares during the last quarter. American Century Companies Inc. raised its holdings in Academy Sports and Outdoors by 22.4% in the second quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock worth $91,926,000 after purchasing an additional 376,027 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Academy Sports and Outdoors by 219.8% in the second quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock worth $22,452,000 after purchasing an additional 344,376 shares in the last quarter.

Insider Activity

In related news, Director Brian T. Marley sold 17,071 shares of Academy Sports and Outdoors stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $55.31, for a total transaction of $944,197.01. Following the completion of the sale, the director owned 42,607 shares of the company’s stock, valued at $2,356,593.17. The trade was a 28.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is currently owned by insiders.

Academy Sports and Outdoors Trading Down 0.7%

NASDAQ ASO opened at $60.39 on Friday. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $62.44. The company has a fifty day simple moving average of $57.05 and a two-hundred day simple moving average of $52.30. The company has a current ratio of 1.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.03 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.06 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.08. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Analysts Set New Price Targets

ASO has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, December 9th. UBS Group increased their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Academy Sports and Outdoors in a report on Monday, December 29th. Morgan Stanley upped their price target on Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Friday, January 2nd. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.89.

About Academy Sports and Outdoors

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.