Sei Investments Co. Acquires 30,237 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Sei Investments Co. raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 23.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,963 shares of the company’s stock after acquiring an additional 30,237 shares during the quarter. Sei Investments Co. owned about 0.22% of Academy Sports and Outdoors worth $8,571,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ASO. Hsbc Holdings PLC grew its position in shares of Academy Sports and Outdoors by 31.9% during the 4th quarter. Hsbc Holdings PLC now owns 98,898 shares of the company’s stock worth $6,558,000 after buying an additional 23,945 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Academy Sports and Outdoors by 94.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,862 shares of the company’s stock valued at $321,000 after purchasing an additional 2,358 shares during the period. TD Asset Management Inc bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $2,600,000. Allianz Asset Management GmbH raised its holdings in Academy Sports and Outdoors by 22.8% in the fourth quarter. Allianz Asset Management GmbH now owns 144,746 shares of the company’s stock worth $9,553,000 after purchasing an additional 26,833 shares during the period. Finally, Jones Financial Companies Lllp bought a new position in shares of Academy Sports and Outdoors during the fourth quarter worth $26,000.

Analysts Set New Price Targets

ASO has been the topic of several research analyst reports. Loop Capital reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. UBS Group lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wells Fargo & Company increased their price objective 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. Finally, JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.86.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $59.19 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The business has a 50-day moving average of $54.88 and a 200-day moving average of $56.67. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.16 and a beta of 1.34. 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) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was 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 disclosure for this sale can be found here. 2.19% of the stock is owned by company insiders.

Academy Sports and Outdoors Company 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.