Connor Clark & Lunn Investment Management Ltd. Takes $7.95 Million Position in Academy Sports and Outdoors, Inc. $ASO

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 168,697 shares of the company’s stock, valued at approximately $7,951,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at about $468,146,000. Kingsview Wealth Management LLC bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $2,660,000. Systematic Financial Management LP lifted its position in Academy Sports and Outdoors by 22.7% during the fourth quarter. Systematic Financial Management LP now owns 319,748 shares of the company’s stock valued at $15,975,000 after acquiring an additional 59,051 shares during the last quarter. King Luther Capital Management Corp lifted its position in Academy Sports and Outdoors by 12.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after acquiring an additional 176,463 shares during the last quarter. Finally, Delphi Management Inc. MA acquired a new stake in Academy Sports and Outdoors in the first quarter valued at approximately $1,190,000.

Academy Sports and Outdoors Stock Up 0.2%

NASDAQ:ASO opened at $43.55 on Thursday. The company has a market cap of $2.70 billion, a PE ratio of 7.67, a P/E/G ratio of 0.63 and a beta of 1.06. 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 current ratio of 1.68, a quick ratio of 0.36 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $47.82 and its two-hundred day moving average is $52.65.

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

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 10.56%.

Wall Street Analyst Weigh In

ASO has been the topic of several analyst reports. Weiss Ratings lowered shares of Academy Sports and Outdoors from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. 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. Truist Financial dropped their target price on 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. The Goldman Sachs Group reduced 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. Finally, UBS Group decreased their price target on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.07.

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.