22,257 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Bought by Islay Capital Management LLC

Islay Capital Management LLC bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,257 shares of the company’s stock, valued at approximately $1,299,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASO. Prudent Man Advisors LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $205,000. Empowered Funds LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter worth approximately $7,895,000. Royce & Associates LP lifted its holdings in shares of Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after buying an additional 365,929 shares during the last quarter. KBC Group NV boosted its position in shares of Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after acquiring an additional 408 shares during the period. Finally, Simmons Bank grew its stake in shares of Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after acquiring an additional 200 shares during the last quarter.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $47.80 on Monday. The firm has a market cap of $3.36 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37. The company’s 50-day moving average price is $54.93 and its two-hundred day moving average price is $54.29. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12 month low of $45.47 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping 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 analyst estimates of $1.57 billion. During the same period in the prior year, the company earned $2.01 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.79%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Truist Financial raised their price objective on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, TD Cowen boosted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, September 11th. Seven 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.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average price target of $62.50.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction 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 transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.