Academy Sports and Outdoors, Inc. $ASO Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 51.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,419 shares of the company’s stock after selling 10,825 shares during the quarter. State of Alaska Department of Revenue’s holdings in Academy Sports and Outdoors were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ASO. Farther Finance Advisors LLC lifted its holdings in Academy Sports and Outdoors by 52.1% in the third quarter. Farther Finance Advisors LLC now owns 736 shares of the company’s stock worth $35,000 after buying an additional 252 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Academy Sports and Outdoors during the 2nd quarter valued at approximately $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 38.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after acquiring an additional 258 shares during the period. State of Wyoming purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $55,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Academy Sports and Outdoors in the 2nd quarter worth approximately $104,000.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $60.33 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 1.74. Academy Sports and Outdoors, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $62.44. The firm’s 50-day simple moving average is $50.04 and its two-hundred day simple moving average is $50.79.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Wednesday, September 9th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24. Academy Sports and Outdoors had a net margin of 6.39% and a return on equity of 18.36%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.500-6.900 EPS. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.24 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Academy Sports and Outdoors’s dividend payout ratio is currently 10.00%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets set a $42.00 target price on Academy Sports and Outdoors and gave the company a “market perform” rating in a research note on Thursday, September 10th. Weiss Ratings upgraded Academy Sports and Outdoors from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. UBS Group upped their price target on Academy Sports and Outdoors from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Barclays increased their price objective on Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Finally, Wells Fargo & Company raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.54.

Insiders Place Their Bets

In other news, President Samuel Johnson sold 70,303 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total value of $3,640,992.37. Following the completion of the transaction, the president owned 36,861 shares of the company’s stock, valued at $1,909,031.19. The trade was a 65.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian T. Marley sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total transaction of $555,504.00. Following the completion of the transaction, the director owned 32,607 shares in the company, valued at approximately $1,736,322.75. The trade was a 24.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 106,315 shares of company stock worth $5,576,537. Insiders own 4.08% of the company’s stock.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer headquartered in Katy, Texas. The company operates stores and an e-commerce platform serving customers primarily across the southern, southeastern and midwestern United States.

Academy sells a broad selection of sports equipment, apparel and footwear, as well as products for hunting, fishing, camping, boating, fitness and outdoor recreation. Its merchandise also includes seasonal products, patio and recreation items, and equipment for team sports.