Academy Sports and Outdoors, Inc. $ASO Shares Acquired by US Bancorp DE

US Bancorp DE grew its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 280.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,657 shares of the company’s stock after purchasing an additional 1,221 shares during the period. US Bancorp DE’s holdings in Academy Sports and Outdoors were worth $76,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $252,000. Natixis Advisors LLC raised its position in Academy Sports and Outdoors by 14.2% during the first quarter. Natixis Advisors LLC now owns 18,975 shares of the company’s stock valued at $865,000 after acquiring an additional 2,365 shares in the last quarter. Vestcor Inc raised its position in Academy Sports and Outdoors by 4.9% during the first quarter. Vestcor Inc now owns 16,997 shares of the company’s stock valued at $775,000 after acquiring an additional 800 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $199,000. Finally, Your Advocates Ltd. LLP raised its position in Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares in the last quarter.

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the transaction, the director owned 7,084 shares in the company, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group dropped their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, June 4th. Truist Financial raised their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. Citigroup dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, June 4th. Bank of America dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Finally, Telsey Advisory Group raised their price objective on Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus target price of $58.24.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $53.81 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The business’s 50 day moving average price is $49.77 and its 200-day moving average price is $46.25. The firm has a market capitalization of $3.58 billion, a PE ratio of 9.89, a P/E/G ratio of 1.01 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.56%.

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.