Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 21.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,468 shares of the company’s stock after purchasing an additional 39,134 shares during the period. Stephens Investment Management Group LLC owned approximately 0.31% of Academy Sports and Outdoors worth $12,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ASO. Headlands Technologies LLC acquired a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at $35,000. V Square Quantitative Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. Future Financial Wealth Managment LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $58,000. Nisa Investment Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 53.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after purchasing an additional 421 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Academy Sports and Outdoors by 54.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,293 shares of the company’s stock valued at $75,000 after purchasing an additional 456 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Loop Capital reissued a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group decreased their target price on 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Academy Sports and Outdoors Trading Down 0.4 %

ASO opened at $50.67 on Friday. Academy Sports and Outdoors, Inc. has a one year low of $44.21 and a one year high of $75.73. The company has a market cap of $3.56 billion, a P/E ratio of 7.82, a PEG ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The business’s 50-day simple moving average is $55.73 and its 200-day simple moving average is $54.88.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business posted $2.01 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. Academy Sports and Outdoors’s payout ratio is currently 6.79%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.19% of the company’s stock.

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.