Canada Pension Plan Investment Board Makes New Investment in Academy Sports and Outdoors, Inc. $ASO

Canada Pension Plan Investment Board bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,298,676 shares of the company’s stock, valued at approximately $61,207,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ASO. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Academy Sports and Outdoors in the second quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in shares of Academy Sports and Outdoors by 38.9% during the first quarter. EverSource Wealth Advisors LLC now owns 921 shares of the company’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. State of Wyoming acquired a new position in Academy Sports and Outdoors in the 2nd quarter valued at $55,000. Advisory Services Network LLC acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at $61,000. Finally, Clearstead Advisors LLC lifted its holdings in Academy Sports and Outdoors by 192.6% in the 4th quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock valued at $65,000 after purchasing an additional 863 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $42.63 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68. The stock’s fifty day moving average is $47.64 and its two-hundred day moving average is $52.54. The firm has a market capitalization of $2.64 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06. Academy Sports and Outdoors, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.76 EPS. The company’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. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were issued a $0.15 dividend. 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 1.4%. Academy Sports and Outdoors’s dividend payout ratio is currently 10.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. Weiss Ratings cut shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company reissued a “hold” rating on shares of Academy Sports and Outdoors in a research note 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 target on the stock. Finally, The Goldman Sachs Group cut their price objective on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.07.

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.