Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,116 shares of the company’s stock after buying an additional 892 shares during the period. Raymond James & Associates owned about 0.06% of Academy Sports and Outdoors worth $2,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASO. CWM LLC lifted its position in shares of Academy Sports and Outdoors by 4.6% during the third quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after purchasing an additional 196 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Academy Sports and Outdoors by 1.3% during the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after purchasing an additional 203 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after purchasing an additional 250 shares in the last quarter. Trust Investment Advisors lifted its position in shares of Academy Sports and Outdoors by 1.8% during the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after purchasing an additional 266 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after buying an additional 269 shares during the last quarter.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Trading Up 1.2 %

NASDAQ:ASO opened at $53.30 on Wednesday. The stock’s 50 day moving average price is $55.68 and its 200 day moving average price is $54.80. Academy Sports and Outdoors, Inc. has a 52 week low of $44.21 and a 52 week high of $75.73. The company has a market capitalization of $3.75 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.97 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.01 earnings per share. On average, research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.83%. Academy Sports and Outdoors’s payout ratio is currently 6.79%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ASO shares. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Loop Capital reissued a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, TD Cowen upped their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.50.

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.