Deutsche Bank AG Invests $3.36 Million in Academy Sports and Outdoors, Inc. $ASO

Deutsche Bank AG purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 71,349 shares of the company’s stock, valued at approximately $3,363,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased 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 purchasing an additional 258 shares during the last quarter. State of Wyoming purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at approximately $55,000. Advisory Services Network LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $61,000. Clearstead Advisors LLC grew its position in shares of Academy Sports and Outdoors by 192.6% during the fourth quarter. Clearstead Advisors LLC now owns 1,311 shares of the company’s stock worth $65,000 after buying an additional 863 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Academy Sports and Outdoors by 12.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,742 shares of the company’s stock worth $86,000 after buying an additional 188 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.2%

NASDAQ:ASO opened at $43.55 on Thursday. The firm has a market capitalization of $2.70 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.63 and a beta of 1.06. The business has a 50 day simple moving average of $47.82 and a 200 day simple moving average of $52.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. Academy Sports and Outdoors, Inc. has a 12-month low of $41.29 and a 12-month 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 for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.08 EPS 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 10.56%.

Analyst Ratings Changes

Several analysts recently issued reports on ASO shares. The Goldman Sachs Group cut 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 report on Wednesday, June 10th. JPMorgan Chase & Co. decreased their price objective on shares of Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research report 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. Finally, Truist Financial decreased their price target on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating for the company in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus price target of $58.07.

Academy Sports and Outdoors Company 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.