Boston Partners Buys 126,952 Shares of Academy Sports and Outdoors, Inc. $ASO

Boston Partners increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 22.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,806 shares of the company’s stock after purchasing an additional 126,952 shares during the period. Boston Partners’ holdings in Academy Sports and Outdoors were worth $32,035,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ASO. Mackenzie Financial Corp lifted its position in Academy Sports and Outdoors by 5.8% during the first quarter. Mackenzie Financial Corp now owns 24,491 shares of the company’s stock valued at $1,117,000 after purchasing an additional 1,338 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Academy Sports and Outdoors during the first quarter valued at approximately $199,000. Vestcor Inc increased its stake in Academy Sports and Outdoors by 4.9% in the first quarter. Vestcor Inc now owns 16,997 shares of the company’s stock worth $775,000 after purchasing an additional 800 shares during the period. Natixis Advisors LLC increased its stake in Academy Sports and Outdoors by 14.2% in the 1st quarter. Natixis Advisors LLC now owns 18,975 shares of the company’s stock worth $865,000 after buying an additional 2,365 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Academy Sports and Outdoors during the first quarter valued at approximately $252,000.

Academy Sports and Outdoors Trading Up 3.5%

Shares of Academy Sports and Outdoors stock opened at $48.22 on Friday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.97 and a beta of 1.27. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $61.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The stock has a 50 day moving average of $48.44 and a 200 day moving average of $48.47.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.32). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $2.03 EPS. Academy Sports and Outdoors has set its FY 2025 guidance at 5.600-6.30 EPS. As a group, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASO. Barclays began coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $51.00 price objective for the company. Wells Fargo & Company restated a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Evercore ISI upped their price target on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a research note on Tuesday, October 14th. Guggenheim reissued a “buy” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, September 8th. Finally, Citigroup cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.37.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.