Vestcor Inc Buys 10,500 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Vestcor Inc increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 184.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,197 shares of the company's stock after purchasing an additional 10,500 shares during the quarter. Vestcor Inc's holdings in Academy Sports and Outdoors were worth $945,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Pacer Advisors Inc. bought a new position in Academy Sports and Outdoors in the 2nd quarter worth approximately $174,054,000. Dimensional Fund Advisors LP lifted its holdings in Academy Sports and Outdoors by 19.4% during 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 in the last quarter. LSV Asset Management boosted its position in Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company's stock valued at $91,683,000 after buying an additional 69,700 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company's stock valued at $85,903,000 after buying an additional 29,912 shares during the period.

Analysts Set New Price Targets

Several equities analysts have weighed in on ASO shares. Morgan Stanley reissued an "equal weight" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Loop Capital reaffirmed a "buy" rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Evercore ISI lowered Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and reduced their target price for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of "Hold" and an average target price of $61.07.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded up $1.01 during trading on Friday, reaching $54.31. The company's stock had a trading volume of 1,472,332 shares, compared to its average volume of 1,470,817. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The firm has a 50 day moving average price of $51.47 and a 200 day moving average price of $53.47. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The company has a current ratio of 1.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $1.38 earnings per share. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 7.22%.

Insider Buying and Selling

In other Academy Sports and Outdoors 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 sale, the director now owns 8,906 shares of the company's stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.

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.