Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stake Boosted by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 39.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,859 shares of the company’s stock after buying an additional 21,160 shares during the quarter. Aviance Capital Partners LLC owned 0.11% of Academy Sports and Outdoors worth $4,369,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ASO. CWM LLC grew its stake in Academy Sports and Outdoors by 4.6% during the 3rd quarter. CWM LLC now owns 4,480 shares of the company’s stock valued at $261,000 after acquiring an additional 196 shares in the last quarter. Simmons Bank increased its stake in Academy Sports and Outdoors by 1.9% in the 3rd quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after buying an additional 200 shares during the period. Daymark Wealth Partners LLC boosted its stake in shares of Academy Sports and Outdoors by 1.3% during the 3rd quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock valued at $899,000 after buying an additional 203 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after acquiring an additional 250 shares during the last quarter. Finally, Trust Investment Advisors raised its holdings in shares of Academy Sports and Outdoors by 1.8% during the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after acquiring an additional 266 shares in the last quarter.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 approximately $552,172. This represents a 11.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by insiders.

Academy Sports and Outdoors Trading Down 2.5 %

Academy Sports and Outdoors stock opened at $46.60 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The firm has a 50-day moving average of $54.81 and a 200-day moving average of $54.21. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.92 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a one year low of $45.47 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share 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 previous year, the firm earned $2.01 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, equities analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. 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 0.94%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ASO shares. Truist Financial upped their target price 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. 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. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $53.00 in a report on Monday, August 5th. Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Jefferies Financial Group cut their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Company 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.