SG Americas Securities LLC Reduces Position in Academy Sports and Outdoors, Inc. $ASO

SG Americas Securities LLC decreased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 92.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,928 shares of the company’s stock after selling 214,240 shares during the quarter. SG Americas Securities LLC’s holdings in Academy Sports and Outdoors were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Huntington National Bank increased its holdings in Academy Sports and Outdoors by 214.6% during the 2nd quarter. Huntington National Bank now owns 689 shares of the company’s stock worth $31,000 after purchasing an additional 470 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Academy Sports and Outdoors by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock worth $62,000 after buying an additional 657 shares in the last quarter. Strs Ohio bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth $128,000. Lazard Asset Management LLC raised its holdings in Academy Sports and Outdoors by 12.4% in the second quarter. Lazard Asset Management LLC now owns 3,270 shares of the company’s stock valued at $146,000 after acquiring an additional 360 shares in the last quarter. Finally, Cetera Trust Company N.A boosted its stake in Academy Sports and Outdoors by 22.1% during the 2nd quarter. Cetera Trust Company N.A now owns 3,345 shares of the company’s stock valued at $150,000 after acquiring an additional 605 shares during the last quarter.

Insider Activity at Academy Sports and Outdoors

In related news, Director Brian T. Marley sold 17,071 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $55.31, for a total value of $944,197.01. Following the sale, the director owned 42,607 shares of the company’s stock, valued at $2,356,593.17. This trade represents a 28.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.62% of the company’s stock.

Wall Street Analysts Forecast Growth

ASO has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Truist Financial set a $59.00 price objective on Academy Sports and Outdoors in a report on Wednesday, January 14th. Morgan Stanley upped their price objective on Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Friday, January 2nd. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.89.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $58.61 on Tuesday. The company has a market cap of $3.91 billion, a P/E ratio of 10.71, a PEG ratio of 1.12 and a beta of 1.25. The business has a 50 day moving average of $50.93 and a two-hundred day moving average of $50.89. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $59.49. The company has a quick ratio of 0.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly 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 business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s 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, analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

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