Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 21.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,468 shares of the company's stock after acquiring an additional 39,134 shares during the quarter. Stephens Investment Management Group LLC owned about 0.31% of Academy Sports and Outdoors worth $12,983,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Academy Sports and Outdoors in the first quarter valued at approximately $35,000. V Square Quantitative Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. Future Financial Wealth Managment LLC purchased a new stake in Academy Sports and Outdoors in the 3rd quarter valued at $58,000. Nisa Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 53.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company's stock worth $70,000 after acquiring an additional 421 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Academy Sports and Outdoors by 54.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,293 shares of the company's stock worth $75,000 after acquiring an additional 456 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASO shares. Evercore ISI cut shares of Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and cut their price objective for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Loop Capital reiterated a "buy" rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Morgan Stanley restated an "equal weight" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.50.

Academy Sports and Outdoors Stock Down 0.4 %

Academy Sports and Outdoors stock traded down $0.19 during mid-day trading on Friday, reaching $50.67. 909,566 shares of the company's stock were exchanged, compared to its average volume of 1,423,927. The company has a fifty day moving average of $55.73 and a 200-day moving average of $54.85. The company has a market cap of $3.56 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.98 and a beta of 1.37. 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 twelve month low of $44.21 and a twelve month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.57 billion. During the same quarter last year, the company earned $2.01 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current 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 0.87%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors's dividend payout ratio is presently 6.79%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 8,906 shares in the company, valued at $552,172. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.