Islay Capital Management LLC Takes Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC boosted its stake in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company's stock worth $43,000 after acquiring an additional 366 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors during the third quarter worth $58,000. Finally, Nisa Investment Advisors LLC boosted its stake in Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company's stock worth $70,000 after acquiring an additional 421 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded down $1.20 during trading hours on Monday, reaching $46.60. 2,060,882 shares of the company were exchanged, compared to its average volume of 1,426,170. Academy Sports and Outdoors, Inc. has a 1 year low of $45.47 and a 1 year high of $75.73. The business's 50 day simple moving average is $54.81 and its 200-day simple moving average is $54.21. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.28 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.92 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company posted $2.01 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given 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 yield of 0.94%. Academy Sports and Outdoors's dividend payout ratio is presently 6.79%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 2.19% of the company's stock.

Analysts Set New Price Targets

ASO has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of 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. Wedbush restated an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. TD Cowen upped their price objective 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. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $76.00 to $53.00 in a report on Monday, August 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.50.

About Academy Sports and Outdoors

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.