Trek Financial LLC Has $3.83 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Trek Financial LLC lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,681 shares of the company’s stock after buying an additional 3,427 shares during the period. Trek Financial LLC owned about 0.08% of Academy Sports and Outdoors worth $3,829,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ASO. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Academy Sports and Outdoors by 4.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,019 shares of the company’s stock worth $1,892,000 after buying an additional 1,951 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Academy Sports and Outdoors by 117.2% in the 1st quarter. Bank of New York Mellon Corp now owns 850,956 shares of the company’s stock valued at $33,529,000 after purchasing an additional 459,085 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Academy Sports and Outdoors by 42.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the company’s stock valued at $190,000 after purchasing an additional 1,419 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at about $447,000. Finally, MetLife Investment Management LLC lifted its stake in Academy Sports and Outdoors by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 42,967 shares of the company’s stock valued at $1,693,000 after purchasing an additional 15,599 shares during the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $49.23, for a total transaction of $52,429.95. Following the sale, the director now owns 12,200 shares of the company’s stock, valued at $600,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $49.23, for a total transaction of $52,429.95. Following the sale, the director now owns 12,200 shares of the company’s stock, valued at $600,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samuel J. Johnson sold 60,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $50.76, for a total transaction of $3,045,600.00. Following the sale, the executive vice president now directly owns 76,124 shares in the company, valued at approximately $3,864,054.24. The disclosure for this sale can be found here. Insiders own 3.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ASO. B. Riley raised their target price on shares of Academy Sports and Outdoors from $63.00 to $65.00 in a research note on Friday, September 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $72.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, August 29th. UBS Group raised their target price on shares of Academy Sports and Outdoors from $65.00 to $74.00 in a research note on Friday, September 1st. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $75.00 to $70.00 in a report on Wednesday, June 7th. Finally, Gordon Haskett cut shares of Academy Sports and Outdoors from an “accumulate” rating to a “hold” rating and lowered their price target for the company from $56.00 to $52.00 in a report on Monday, August 28th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus target price of $69.24.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $51.02 on Friday. Academy Sports and Outdoors, Inc. has a fifty-two week low of $40.67 and a fifty-two week high of $69.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.68 and a quick ratio of 0.33. The firm has a market capitalization of $3.80 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.61 and a beta of 1.20. The company’s 50 day moving average price is $55.19 and its two-hundred day moving average price is $66.07.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Thursday, August 31st. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.10. Academy Sports and Outdoors had a net margin of 8.71% and a return on equity of 32.91%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 6.84 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.36 dividend on an annualized basis and a yield of 0.71%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 5.30%.

About Academy Sports and Outdoors

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.