Great Lakes Advisors LLC Buys New Position in Academy Sports and Outdoors, Inc. $ASO

Great Lakes Advisors LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,384 shares of the company’s stock, valued at approximately $678,000.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after buying an additional 258 shares in the last quarter. State of Wyoming acquired a new position in shares of Academy Sports and Outdoors in the second quarter valued at approximately $55,000. Advisory Services Network LLC purchased a new position in shares of Academy Sports and Outdoors during the third quarter valued at approximately $61,000. Clearstead Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 192.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after buying an additional 863 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Academy Sports and Outdoors by 12.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock worth $86,000 after acquiring an additional 188 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on ASO shares. UBS Group lowered their target price on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. The Goldman Sachs Group reduced their price target on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 10th. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Weiss Ratings downgraded Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Truist Financial lowered their price objective on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and an average target price of $58.07.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $45.83 on Friday. The firm has a market capitalization of $2.84 billion, a PE ratio of 8.07, a P/E/G ratio of 0.66 and a beta of 1.06. 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 business has a 50-day moving average of $48.12 and a two-hundred day moving average of $52.97. 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) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were issued a $0.15 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.60 annualized dividend and a yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.56%.

Academy Sports and Outdoors 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.