Aviance Capital Partners LLC Boosts Stock Position in Academy Sports and Outdoors, Inc. $ASO

Aviance Capital Partners LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 13.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 109,161 shares of the company’s stock after acquiring an additional 12,686 shares during the period. Academy Sports and Outdoors accounts for about 0.7% of Aviance Capital Partners LLC’s holdings, making the stock its 26th largest position. Aviance Capital Partners LLC’s holdings in Academy Sports and Outdoors were worth $6,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in Academy Sports and Outdoors by 139.8% in the 4th quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 281 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $51,000. Advisory Services Network LLC purchased a new stake in Academy Sports and Outdoors during the 3rd quarter worth approximately $61,000. EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 89.9% during the 2nd 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. Finally, Clearstead Advisors LLC lifted its holdings in Academy Sports and Outdoors by 192.6% during the 4th 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.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. Guggenheim lifted their target price on 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 lowered their target price 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. Weiss Ratings downgraded 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, JPMorgan Chase & Co. lowered their price objective on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Academy Sports and Outdoors Stock Down 0.5%

ASO stock opened at $48.39 on Friday. The company has a fifty day moving average price of $49.87 and a 200 day moving average price of $54.22. Academy Sports and Outdoors, Inc. has a 12 month low of $41.29 and a 12 month high of $62.44. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. 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 (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business earned $0.76 EPS. Academy Sports and Outdoors’s quarterly revenue was up 6.7% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. Academy Sports and Outdoors’s dividend payout ratio is 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.