Edgestream Partners L.P. Takes Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Edgestream Partners L.P. bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 27,714 shares of the company’s stock, valued at approximately $1,498,000.

Several other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Academy Sports and Outdoors by 38.1% during the 2nd quarter. Victory Capital Management Inc. now owns 39,294 shares of the company’s stock valued at $2,124,000 after purchasing an additional 10,844 shares during the last quarter. Citigroup Inc. boosted its stake in Academy Sports and Outdoors by 8.8% during the 1st quarter. Citigroup Inc. now owns 58,731 shares of the company’s stock valued at $3,832,000 after purchasing an additional 4,726 shares during the last quarter. Simmons Bank boosted its stake in Academy Sports and Outdoors by 1.8% during the 2nd quarter. Simmons Bank now owns 24,430 shares of the company’s stock valued at $1,320,000 after purchasing an additional 443 shares during the last quarter. HRT Financial LP boosted its stake in Academy Sports and Outdoors by 307.0% during the 1st quarter. HRT Financial LP now owns 306,838 shares of the company’s stock valued at $20,021,000 after purchasing an additional 231,442 shares during the last quarter. Finally, Cambria Investment Management L.P. acquired a new position in Academy Sports and Outdoors during the 1st quarter valued at about $615,000.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $50.00, for a total value of $53,250.00. Following the transaction, the director now owns 10,135 shares of the company’s stock, valued at $506,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Jeffrey C. Tweedy sold 700 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $46.66, for a total value of $32,662.00. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $522,592. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey C. Tweedy sold 1,065 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $50.00, for a total transaction of $53,250.00. Following the completion of the transaction, the director now owns 10,135 shares of the company’s stock, valued at $506,750. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,596 shares of company stock valued at $2,128,510. 3.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Friday, September 1st. Truist Financial assumed coverage on Academy Sports and Outdoors in a research note on Friday. They issued a “buy” rating and a $57.00 target price on the stock. Gordon Haskett downgraded Academy Sports and Outdoors from an “accumulate” rating to a “hold” rating and cut their target price for the stock from $56.00 to $52.00 in a research note on Monday, August 28th. Telsey Advisory Group restated an “outperform” rating and issued a $72.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, October 24th. Finally, UBS Group boosted their target price on Academy Sports and Outdoors from $65.00 to $74.00 in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Academy Sports and Outdoors Trading Down 3.1 %

Shares of ASO stock opened at $48.17 on Tuesday. The company’s fifty day simple moving average is $46.46 and its two-hundred day simple moving average is $53.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.68 and a quick ratio of 0.40. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $69.02. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.58 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Thursday, August 31st. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Academy Sports and Outdoors had a net margin of 8.71% and a return on equity of 32.91%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 EPS. As a group, analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.89 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 13th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. Academy Sports and Outdoors’s payout ratio is currently 5.30%.

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, 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.