Academy Sports and Outdoors, Inc. $ASO Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 17.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 322,220 shares of the company’s stock after purchasing an additional 47,474 shares during the period. Academy Sports and Outdoors comprises 1.5% of Hodges Capital Management Inc.’s holdings, making the stock its 14th largest position. Hodges Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $18,189,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Junto Capital Management LP purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $36,567,000. Boston Partners grew its stake in Academy Sports and Outdoors by 85.5% in the 3rd quarter. Boston Partners now owns 1,302,141 shares of the company’s stock valued at $65,416,000 after acquiring an additional 600,335 shares during the period. Norges Bank purchased a new stake in Academy Sports and Outdoors in the 4th quarter worth $29,301,000. Invesco Ltd. increased its holdings in Academy Sports and Outdoors by 128.2% in the 4th quarter. Invesco Ltd. now owns 833,769 shares of the company’s stock worth $41,655,000 after acquiring an additional 468,457 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Academy Sports and Outdoors by 219.8% during the second quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company’s stock worth $22,452,000 after acquiring an additional 344,376 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ASO shares. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, June 10th. Guggenheim boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group restated a “buy” rating and set a $61.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Truist Financial decreased their price target on shares of Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, June 10th. Finally, The Goldman Sachs Group decreased their target price on Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average target price of $58.94.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $47.84 on Monday. The company’s 50-day moving average price is $51.50 and its 200-day moving average price is $54.64. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.97 billion, a P/E ratio of 8.42, a P/E/G ratio of 0.69 and a beta of 1.05. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.76 earnings per share. Academy Sports and Outdoors’s quarterly revenue 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. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is currently 10.56%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares in the company, valued at $470,100. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is owned by company insiders.

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.