Pinnacle Holdings LLC Buys New Shares in Academy Sports and Outdoors, Inc. $ASO

Pinnacle Holdings LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, Holdings Channel.com reports. The firm bought 28,738 shares of the company’s stock, valued at approximately $1,354,000.

A number of other hedge funds have also recently added to or reduced their stakes in ASO. BlackRock Inc. purchased a new stake in Academy Sports and Outdoors in the 2nd quarter valued at about $468,146,000. Boston Partners lifted its holdings in shares of Academy Sports and Outdoors by 85.5% during the 3rd quarter. Boston Partners now owns 1,302,141 shares of the company’s stock worth $65,416,000 after acquiring an additional 600,335 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Academy Sports and Outdoors in the second quarter worth approximately $27,742,000. Norges Bank acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth approximately $29,301,000. Finally, Heartland Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors in the second quarter worth approximately $26,579,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, June 10th. 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 report on Wednesday, June 10th. Wells Fargo & Company reissued a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, June 10th. Stephens assumed coverage on Academy Sports and Outdoors in a report on Wednesday, May 13th. They set an “overweight” rating and a $78.00 price objective for the company. Finally, Barclays cut their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus price target of $58.07.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $45.83 on Monday. The stock has a fifty day moving average price of $48.12 and a 200 day moving average price of $52.95. The company has a current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. 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 $2.84 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.66 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The firm’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. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.08 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were 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 was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.56%.

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.