Vise Technologies Inc. Takes Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Vise Technologies Inc. acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,307 shares of the company’s stock, valued at approximately $288,000.

Several other large investors have also recently added to or reduced their stakes in ASO. BlackRock Inc. lifted its stake in Academy Sports and Outdoors by 124.0% during the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock worth $534,370,000 after purchasing an additional 7,507,589 shares during the last quarter. State Street Corp lifted its stake in Academy Sports and Outdoors by 73.0% during the first quarter. State Street Corp now owns 2,834,137 shares of the company’s stock worth $111,872,000 after purchasing an additional 1,196,076 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Academy Sports and Outdoors by 11,157.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock worth $42,542,000 after purchasing an additional 1,070,181 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Academy Sports and Outdoors by 680.6% during the first quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock worth $45,212,000 after purchasing an additional 1,000,500 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Academy Sports and Outdoors by 11.3% during the first quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock worth $372,817,000 after purchasing an additional 958,800 shares during the last quarter. 98.01% of the stock is currently owned by institutional investors.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $47.16 on Friday. The business’s 50-day moving average price is $44.19 and its 200 day moving average price is $39.04. The firm has a market cap of $3.76 billion, a P/E ratio of 6.55, a PEG ratio of 0.71 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 52-week low of $25.10 and a 52-week high of $51.51. The company has a quick ratio of 0.41, a current ratio of 1.58 and a debt-to-equity ratio of 0.45.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its earnings results on Wednesday, September 7th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.23. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.70 billion. Academy Sports and Outdoors had a return on equity of 44.64% and a net margin of 9.79%. Academy Sports and Outdoors’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.34 earnings per share. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 7.08 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, September 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, September 14th. Academy Sports and Outdoors’s payout ratio is currently 4.17%.

Insider Buying and Selling

In related news, EVP Samuel J. Johnson sold 112,000 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $48.46, for a total value of $5,427,520.00. Following the completion of the transaction, the executive vice president now owns 132,539 shares in the company, valued at approximately $6,422,839.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ASO shares. The Goldman Sachs Group raised their target price on Academy Sports and Outdoors from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Wedbush raised their target price on Academy Sports and Outdoors from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, September 8th. Morgan Stanley raised their target price on Academy Sports and Outdoors from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, September 8th. Loop Capital started coverage on Academy Sports and Outdoors in a research note on Friday, September 9th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, UBS Group raised their target price on Academy Sports and Outdoors from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.70.

About Academy Sports and Outdoors

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

See Also

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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