157,582 Shares in Academy Sports and Outdoors, Inc. $ASO Acquired by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 157,582 shares of the company’s stock, valued at approximately $7,427,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASO. Northwestern Mutual Wealth Management Co. bought a new position in shares of Academy Sports and Outdoors in the second quarter valued at about $38,000. EverSource Wealth Advisors LLC grew its holdings in 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 last quarter. State of Wyoming bought a new stake in Academy Sports and Outdoors during the 2nd quarter worth about $55,000. Advisory Services Network LLC bought a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $61,000. Finally, Clearstead Advisors LLC increased its position 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 acquiring an additional 863 shares in the last quarter.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of research reports. Telsey Advisory Group reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price target for the company. Truist Financial dropped 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. UBS Group reiterated a “neutral” rating on shares of Academy Sports and Outdoors in a research report on Wednesday. Finally, Weiss Ratings cut Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.31.

Academy Sports and Outdoors Stock Up 1.8%

Shares of NASDAQ:ASO opened at $43.60 on Thursday. The company has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $52.11. 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 company has a market capitalization of $2.70 billion, a PE ratio of 7.68, a PEG ratio of 0.62 and a beta of 1.02. Academy Sports and Outdoors, Inc. has a 52 week low of $41.29 and a 52 week high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

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.