Campbell & CO Investment Adviser LLC Has $2.24 Million Position in Academy Sports and Outdoors, Inc. $ASO

Campbell & CO Investment Adviser LLC grew its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 300.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,767 shares of the company’s stock after acquiring an additional 33,589 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Academy Sports and Outdoors were worth $2,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ASO. LSV Asset Management grew its holdings in Academy Sports and Outdoors by 43.0% during the second quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock worth $139,798,000 after purchasing an additional 937,449 shares during the period. Norges Bank bought a new position in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $34,228,000. William Blair Investment Management LLC increased its holdings in shares of Academy Sports and Outdoors by 45.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock worth $64,528,000 after acquiring an additional 448,582 shares during the last quarter. Hood River Capital Management LLC raised its stake in Academy Sports and Outdoors by 125.0% in the 2nd quarter. Hood River Capital Management LLC now owns 782,742 shares of the company’s stock valued at $35,075,000 after acquiring an additional 434,894 shares during the period. Finally, American Century Companies Inc. raised its stake in Academy Sports and Outdoors by 22.4% in the 2nd quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock valued at $91,926,000 after acquiring an additional 376,027 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ASO shares. Evercore ISI upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, October 14th. UBS Group upped their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Barclays raised their price objective on shares of Academy Sports and Outdoors from $51.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Bank of America upped their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Friday, January 2nd. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.89.

Insider Activity at Academy Sports and Outdoors

In other news, Director Brian T. Marley sold 17,071 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $55.31, for a total transaction of $944,197.01. Following the completion of the sale, the director owned 42,607 shares of the company’s stock, valued at approximately $2,356,593.17. This represents a 28.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $58.61 on Friday. The firm has a market cap of $3.91 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.71 and a quick ratio of 0.32. The stock’s fifty day moving average price is $50.66 and its two-hundred day moving average price is $50.76. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $59.49.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.08. Academy Sports and Outdoors had a return on equity of 18.24% and a net margin of 6.27%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted $0.98 EPS. Academy Sports and Outdoors’s quarterly revenue was up 3.0% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.650-6.150 EPS. As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, December 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.51%.

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.