Ceredex Value Advisors LLC Makes New Investment in Academy Sports and Outdoors, Inc. $ASO

Ceredex Value Advisors LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 198,350 shares of the company’s stock, valued at approximately $9,348,000.

Other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $51,000. EverSource Wealth Advisors LLC increased its position 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 buying an additional 258 shares in the last quarter. State of Wyoming acquired a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $55,000. Finally, Advisory Services Network LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $61,000.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Stephens started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price objective for the company. Truist Financial reduced their price objective on shares of 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. Barclays decreased their price objective on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. Finally, UBS Group dropped their target price on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $58.07.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $45.83 on Friday. 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 stock’s 50 day simple moving average is $48.12 and its 200-day simple moving average is $52.97. The company has a market cap of $2.84 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. Academy Sports and Outdoors’s dividend payout ratio is presently 10.56%.

About Academy Sports and Outdoors

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.