SCHEDULE: BlackRock Discloses 14.3% Stake in Academy Sports & Outdoors
Beneficial Ownership Report
BlackRock, Inc. has reported a beneficial ownership of 14.3% of Academy Sports & Outdoors, Inc. common stock, totaling 9,483,077 shares.
Summary
- BlackRock, Inc. reported beneficial ownership of 9,483,077 shares of Academy Sports & Outdoors, Inc. common stock.
- This represents 14.3% of the total outstanding common stock of Academy Sports & Outdoors, Inc.
- BlackRock holds sole voting power over 9,319,006 shares and sole dispositive power over 9,483,077 shares.
- The filing indicates that iShares Core S&P Small-Cap ETF, a BlackRock entity, holds more than 5% of the total outstanding common stock.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing indicates a significant and passive stake by a major institutional investor, which can be seen as a positive signal of confidence in the company, although the document itself is purely factual and not a performance report.
Positives
- A major institutional investor, BlackRock, holds a significant 14.3% stake, which can be viewed as a vote of confidence in Academy Sports & Outdoors, Inc.
- The holding is stated to be in the ordinary course of business, indicating a passive, long-term investment perspective rather than an activist stance.
Future Outlook
NA
Management Comments
- "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a major institutional investor like BlackRock may influence investor perception and potentially share price.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Effective date of new Power of Attorney for BlackRock, Inc. |
| 2025-06-30 | Date of event requiring the filing of this statement. |
| 2025-07-17 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Keywords
BlackRock, Academy Sports & Outdoors, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Asset Management, Retail, Sporting Goods
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