Heartland Advisors Inc. Acquires 51,630 Shares of Academy Sports and Outdoors, Inc. $ASO

Heartland Advisors Inc. lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,247 shares of the company’s stock after buying an additional 51,630 shares during the quarter. Academy Sports and Outdoors comprises approximately 0.9% of Heartland Advisors Inc.’s investment portfolio, making the stock its 29th biggest holding. Heartland Advisors Inc.’s holdings in Academy Sports and Outdoors were worth $16,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ASO. Royal Bank of Canada boosted its stake in Academy Sports and Outdoors by 8.5% in the first quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after acquiring an additional 4,665 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Academy Sports and Outdoors by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock valued at $1,846,000 after acquiring an additional 1,257 shares during the last quarter. United Services Automobile Association bought a new position in Academy Sports and Outdoors in the first quarter valued at approximately $223,000. Strs Ohio bought a new position in Academy Sports and Outdoors in the first quarter valued at approximately $128,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Academy Sports and Outdoors by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company’s stock valued at $62,000 after acquiring an additional 657 shares during the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the transaction, the director directly owned 7,835 shares of the company’s stock, valued at $470,100. This trade represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Trading Down 1.0%

Shares of NASDAQ ASO opened at $49.88 on Thursday. The company’s fifty day moving average is $54.25 and its 200-day moving average is $54.70. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 0.78 and a beta of 1.04. Academy Sports and Outdoors, Inc. has a twelve month low of $41.29 and a twelve month high of $62.44. The company has a quick ratio of 0.44, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors (NASDAQ:ASO) last announced 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. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Academy Sports and Outdoors had a net margin of 6.24% and a return on equity of 17.85%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. Academy Sports and Outdoors has set its FY 2026 guidance at 6.400-6.800 EPS. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.93 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, June 18th will be 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 is Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 10.79%.

Trending Headlines about Academy Sports and Outdoors

Here are the key news stories impacting Academy Sports and Outdoors this week:

• Positive Sentiment: Academy Sports reported Q1 adjusted EPS of $0.93, topping estimates, while revenue of $1.44 billion matched expectations and rose 6.7% year over year. Comparable sales increased 2.9%, e-commerce sales climbed 17.4%, and the company said traffic and average ticket both improved. Article Title
• Positive Sentiment: The company raised FY2026 guidance, signaling management expects momentum to continue after the strong quarter. The outlook helped support the bull case after the earnings release. Article Title
• Neutral Sentiment: Several recap articles and transcript/presentation links highlight investor focus on the Q1 call, including the company’s expansion plans, new-store openings, and continued e-commerce growth. Article Title
• Neutral Sentiment: Analysts were mixed-to-cautious, with JPMorgan cutting its price target to $59 from $60 and Truist lowering its target to $52 from $54, while keeping neutral/hold views. Those moves suggest the market is still debating how much upside remains after the rally on earnings. Article Title
• Negative Sentiment: Management also warned that consumers may remain squeezed through 2026, with lower-income demand and higher gas prices cited as risks. That caution is tempering enthusiasm for the stronger quarter and guidance raise. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group reduced their price objective on shares of Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Academy Sports and Outdoors in a research note on Wednesday. Truist Financial reduced their price objective 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.25.

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.