Gradient Investments LLC Makes New $669,000 Investment in Academy Sports and Outdoors, Inc. $ASO

Gradient Investments LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,192 shares of the company’s stock, valued at approximately $669,000.

A number of other large investors have also modified their holdings of ASO. Empowered Funds LLC raised its stake in shares of Academy Sports and Outdoors by 121.1% during the first quarter. Empowered Funds LLC now owns 15,813 shares of the company’s stock valued at $893,000 after purchasing an additional 8,660 shares during the period. Amundi lifted its position in shares of Academy Sports and Outdoors by 180.8% during the first quarter. Amundi now owns 12,447 shares of the company’s stock worth $703,000 after purchasing an additional 8,015 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 38.9% in the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock valued at $52,000 after purchasing an additional 258 shares during the period. California State Teachers Retirement System boosted its stake in shares of Academy Sports and Outdoors by 22.5% in the first quarter. California State Teachers Retirement System now owns 78,064 shares of the company’s stock valued at $4,407,000 after purchasing an additional 14,325 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Academy Sports and Outdoors by 23.5% during the 1st quarter. Quantinno Capital Management LP now owns 14,143 shares of the company’s stock valued at $798,000 after purchasing an additional 2,694 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of 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 reissued a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Stephens began coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They set an “overweight” rating and a $78.00 target price for the company. Truist Financial dropped their target price on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, June 10th. Finally, UBS Group cut their price target on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and a consensus price target of $58.07.

Academy Sports and Outdoors Trading Up 3.7%

Shares of NASDAQ ASO opened at $49.89 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $48.79 and its two-hundred day moving average price is $53.49. Academy Sports and Outdoors, Inc. has a 52-week low of $41.29 and a 52-week high of $62.44. The stock has a market capitalization of $3.09 billion, a P/E ratio of 8.78, a PEG ratio of 0.70 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its 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. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.76 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. On average, analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, June 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 18th. 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.