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

Aviance Capital Partners LLC lifted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 39.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,859 shares of the company's stock after acquiring an additional 21,160 shares during the period. Aviance Capital Partners LLC owned 0.11% of Academy Sports and Outdoors worth $4,369,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors in the 2nd quarter valued at $174,054,000. Dimensional Fund Advisors LP increased its holdings in Academy Sports and Outdoors by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company's stock worth $158,147,000 after buying an additional 481,640 shares during the period. Royce & Associates LP lifted its stake in Academy Sports and Outdoors by 62.5% during the 3rd quarter. Royce & Associates LP now owns 951,256 shares of the company's stock valued at $55,515,000 after acquiring an additional 365,929 shares during the period. Marshall Wace LLP purchased a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at $10,224,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Academy Sports and Outdoors by 43.4% in the second quarter. The Manufacturers Life Insurance Company now owns 612,175 shares of the company's stock worth $32,598,000 after acquiring an additional 185,295 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASO. Evercore ISI downgraded Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and cut their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Truist Financial cut shares of Academy Sports and Outdoors from a "buy" rating to a "hold" rating and decreased their target price for the company from $63.00 to $50.00 in a research note on Tuesday. Wedbush reiterated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Loop Capital restated a "buy" rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $61.57.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares of the company's stock, valued at $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.19% of the company's stock.

Academy Sports and Outdoors Trading Down 1.2 %

Shares of Academy Sports and Outdoors stock traded down $0.57 on Tuesday, reaching $46.03. The company had a trading volume of 2,426,418 shares, compared to its average volume of 1,430,635. 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 firm has a market cap of $3.24 billion, a PE ratio of 7.08, a PEG ratio of 0.92 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The firm's 50 day moving average price is $54.81 and its two-hundred day moving average price is $54.21.

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 for the quarter, topping analysts' consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 earnings per share. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors's dividend payout ratio is presently 6.79%.

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.