Academy Sports and Outdoors, Inc. $ASO Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,396,610 shares of the company’s stock after selling 60,011 shares during the quarter. King Luther Capital Management Corp’s holdings in Academy Sports and Outdoors were worth $69,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management grew its position in Academy Sports and Outdoors by 43.0% during the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock worth $139,798,000 after purchasing an additional 937,449 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Academy Sports and Outdoors by 5.9% in the second quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after buying an additional 117,175 shares during the last quarter. American Century Companies Inc. grew its holdings in Academy Sports and Outdoors by 22.4% during the second quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock worth $91,926,000 after acquiring an additional 376,027 shares during the period. Stephens Investment Management Group LLC raised its position in Academy Sports and Outdoors by 4.9% during the third quarter. Stephens Investment Management Group LLC now owns 1,235,440 shares of the company’s stock valued at $61,797,000 after acquiring an additional 57,922 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its holdings 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 acquiring an additional 434,894 shares during the period.

Analyst Ratings Changes

ASO has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of Academy Sports and Outdoors from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Barclays increased their price target on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 10th. Bank of America lifted their price objective on shares of Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Jefferies Financial Group reissued a “buy” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Friday, January 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.89.

Academy Sports and Outdoors Stock Down 1.2%

NASDAQ ASO opened at $59.04 on Thursday. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $60.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.71. The business has a fifty day moving average price of $55.55 and a 200 day moving average price of $51.67. The company has a market cap of $3.94 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.04 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share for the quarter, topping 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 net margin of 6.27% and a return on equity of 18.24%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 18th were issued a $0.13 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a yield of 0.9%. Academy Sports and Outdoors’s dividend payout ratio is currently 9.51%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Brian T. Marley sold 17,071 shares of Academy Sports and Outdoors stock in a transaction on Friday, December 12th. The stock was sold at an average price of $55.31, for a total value of $944,197.01. Following the sale, the director owned 42,607 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.62% of the company’s stock.

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.