Sei Investments Co. Grows Stake in Academy Sports and Outdoors, Inc. $ASO

Sei Investments Co. grew its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 13.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,931 shares of the company’s stock after purchasing an additional 39,132 shares during the quarter. Sei Investments Co.’s holdings in Academy Sports and Outdoors were worth $18,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Academy Sports and Outdoors by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,029,262 shares of the company’s stock valued at $227,439,000 after buying an additional 71,888 shares in the last quarter. State Street Corp lifted its position in Academy Sports and Outdoors by 2.2% during the 4th quarter. State Street Corp now owns 2,715,677 shares of the company’s stock worth $136,028,000 after acquiring an additional 59,446 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Academy Sports and Outdoors by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock worth $100,261,000 after acquiring an additional 5,933 shares during the period. Morgan Stanley boosted its holdings in Academy Sports and Outdoors by 19.5% in the 4th quarter. Morgan Stanley now owns 1,610,782 shares of the company’s stock worth $80,475,000 after acquiring an additional 263,267 shares during the period. Finally, King Luther Capital Management Corp grew its position in Academy Sports and Outdoors by 12.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after acquiring an additional 176,463 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of 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. Guggenheim raised their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Truist Financial dropped their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. JPMorgan Chase & Co. cut their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.53.

Academy Sports and Outdoors Trading Down 2.7%

Shares of NASDAQ ASO opened at $49.05 on Thursday. 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 $49.55 and its two-hundred day moving average price is $53.96. 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 $3.04 billion, a P/E ratio of 8.64, a PEG ratio of 0.73 and a beta of 1.05.

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.