Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Holdings Lifted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,331,744 shares of the company's stock after buying an additional 90,651 shares during the period. Westwood Holdings Group Inc. owned 1.85% of Academy Sports and Outdoors worth $70,915,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ASO. Jones Financial Companies Lllp purchased a new stake in Academy Sports and Outdoors in the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Academy Sports and Outdoors in the first quarter valued at about $35,000. Future Financial Wealth Managment LLC purchased a new position in Academy Sports and Outdoors during the first quarter worth about $68,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter worth approximately $73,000.

Analysts Set New Price Targets

Several analysts recently weighed in on ASO shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. UBS Group cut Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $81.00 to $58.00 in a research note on Wednesday, June 12th. Truist Financial increased their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Evercore ISI lifted their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.86.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock traded down $1.49 during trading on Friday, hitting $60.34. 3,370,307 shares of the company were exchanged, compared to its average volume of 1,488,463. The firm has a 50 day moving average price of $54.43 and a 200 day moving average price of $57.22. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 1.34. 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 fifty-two week low of $42.83 and a fifty-two week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter last year, the business posted $2.01 EPS. The firm's quarterly 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 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors's dividend payout ratio is currently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In other 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 transaction 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 approximately $552,172. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company's 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 completion of the sale, the director now directly owns 8,906 shares of the company's stock, valued at approximately $552,172. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey C. Tweedy sold 625 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The disclosure for this sale can be found here. 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.