Bessemer Group Inc. Acquires 59,112 Shares of Academy Sports and Outdoors, Inc. $ASO

Bessemer Group Inc. boosted its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 543,102 shares of the company’s stock after buying an additional 59,112 shares during the quarter. Bessemer Group Inc.’s holdings in Academy Sports and Outdoors were worth $30,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Verity Asset Management Inc. boosted its holdings in shares of Academy Sports and Outdoors by 0.6% during the 4th quarter. Verity Asset Management Inc. now owns 32,788 shares of the company’s stock valued at $1,638,000 after acquiring an additional 182 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 valued at $86,000 after purchasing an additional 188 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Academy Sports and Outdoors by 3.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,599 shares of the company’s stock valued at $280,000 after purchasing an additional 202 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Academy Sports and Outdoors by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,464 shares of the company’s stock valued at $373,000 after purchasing an additional 202 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Academy Sports and Outdoors by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 6,721 shares of the company’s stock valued at $336,000 after purchasing an additional 228 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. B. Riley Financial restated a “buy” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. The Goldman Sachs Group reduced their price target on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” 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 note on Thursday, June 11th. Finally, Stephens assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $48.39 on Friday. Academy Sports and Outdoors, Inc. has a one year low of $41.29 and a one year high of $62.44. The stock’s fifty day moving average is $49.87 and its 200 day moving average is $54.22. The stock has a market cap of $3.00 billion, a P/E ratio of 8.52, a P/E/G ratio of 0.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.36 and a current ratio of 1.68.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. Academy Sports and Outdoors had a return on equity of 17.85% and a net margin of 6.24%.The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was up 6.7% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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