Hunter Perkins Capital Management LLC Grows Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Hunter Perkins Capital Management LLC lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,155 shares of the company’s stock after buying an additional 4,520 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $1,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Academy Sports and Outdoors by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock valued at $66,725,000 after purchasing an additional 172,783 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Academy Sports and Outdoors in the 4th quarter valued at $73,000. Moody National Bank Trust Division raised its stake in Academy Sports and Outdoors by 2.1% during the 1st quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock valued at $911,000 after acquiring an additional 276 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors in the 1st quarter valued at $68,000. Finally, Hennessy Advisors Inc. raised its position in Academy Sports and Outdoors by 44.1% during the 1st quarter. Hennessy Advisors Inc. now owns 73,900 shares of the company’s stock worth $4,991,000 after buying an additional 22,600 shares during the last quarter.

Academy Sports and Outdoors Stock Up 0.1 %

NASDAQ:ASO traded up $0.03 during mid-day trading on Wednesday, reaching $54.93. The stock had a trading volume of 232,134 shares, compared to its average volume of 1,453,786. The stock’s 50 day simple moving average is $55.52 and its two-hundred day simple moving average is $55.57. Academy Sports and Outdoors, Inc. has a 1-year low of $43.07 and a 1-year high of $75.73. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business posted $2.01 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares in the company, valued at $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.

Analyst Ratings Changes

ASO has been the topic of several recent analyst reports. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group decreased their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.