Public Employees Retirement System of Ohio Acquires New Stake in Academy Sports and Outdoors, Inc. $ASO

Public Employees Retirement System of Ohio acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,869 shares of the company’s stock, valued at approximately $2,209,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASO. BlackRock Inc. purchased a new position in shares of Academy Sports and Outdoors during the second quarter worth approximately $468,146,000. Canada Pension Plan Investment Board purchased a new stake in shares of Academy Sports and Outdoors in the second quarter valued at approximately $61,207,000. Boston Partners grew its stake in Academy Sports and Outdoors by 85.5% in the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock worth $65,416,000 after purchasing an additional 600,335 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Academy Sports and Outdoors in the second quarter worth approximately $27,742,000. Finally, Norges Bank purchased a new position in Academy Sports and Outdoors during the 4th quarter worth $29,301,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ASO shares. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Truist Financial cut their price target on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Barclays decreased their price objective on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, June 11th. Telsey Advisory Group lowered their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, September 2nd. Finally, Weiss Ratings cut shares of Academy Sports and Outdoors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $58.31.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $44.94 on Monday. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.79 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.02. The stock’s fifty day simple moving average is $46.84 and its two-hundred day simple moving average is $51.91. 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 results on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. Academy Sports and Outdoors’s payout ratio is currently 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.