AlphaMark Advisors LLC Boosts Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

AlphaMark Advisors LLC grew its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,412 shares of the company’s stock after buying an additional 799 shares during the period. AlphaMark Advisors LLC’s holdings in Academy Sports and Outdoors were worth $288,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in shares of Academy Sports and Outdoors in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $35,000. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $68,000. EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after buying an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $73,000.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded up $1.05 during midday trading on Friday, hitting $54.34. The company had a trading volume of 206,487 shares, compared to its average volume of 1,459,973. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73. The business has a 50-day simple moving average of $52.67 and a two-hundred day simple moving average of $59.44. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.35 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 12th. Truist Financial reduced their price objective on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Evercore ISI raised their price objective on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Loop Capital restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, July 1st. Finally, TD Cowen downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and dropped their target price for the company from $58.00 to $54.00 in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.73.

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, 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.