Vaughan Nelson Investment Management L.P. Buys 294,215 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Vaughan Nelson Investment Management L.P. raised its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 74.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 687,135 shares of the company's stock after buying an additional 294,215 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.92% of Academy Sports and Outdoors worth $46,410,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ASO. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth $68,000. EverSource Wealth Advisors LLC boosted its position in Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company's stock valued at $69,000 after buying an additional 880 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at about $73,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $83,000.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded down $0.01 on Tuesday, hitting $50.65. The company's stock had a trading volume of 1,211,796 shares, compared to its average volume of 1,469,946. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The stock's 50-day moving average is $55.20 and its two-hundred day moving average is $62.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $1.19 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.4 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors's dividend payout ratio is presently 6.73%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen cut their target price on Academy Sports and Outdoors from $82.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, March 20th. B. Riley restated a "buy" rating and issued a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $75.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. Finally, UBS Group downgraded Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and an average price target of $67.87.

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.