Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 17.6% in the 2nd quarter, Holdings Channel reports. The firm owned 808,250 shares of the company’s stock after purchasing an additional 121,115 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Academy Sports and Outdoors were worth $43,040,000 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 the stock. Victory Capital Management Inc. raised its holdings in Academy Sports and Outdoors by 52.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,454 shares of the company’s stock valued at $3,066,000 after acquiring an additional 15,955 shares during the last quarter. Verition Fund Management LLC boosted its stake in Academy Sports and Outdoors by 1,014.0% during the fourth quarter. Verition Fund Management LLC now owns 213,542 shares of the company’s stock worth $14,094,000 after buying an additional 194,373 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Academy Sports and Outdoors by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock valued at $66,725,000 after buying an additional 172,783 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter worth $1,021,000. Finally, Bryn Mawr Capital Management LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at about $2,501,000.

Academy Sports and Outdoors Stock Up 2.5 %

ASO traded up $1.35 on Friday, hitting $54.64. 1,550,947 shares of the company were exchanged, compared to its average volume of 1,468,483. The firm has a 50-day moving average price of $52.66 and a two-hundred day moving average price of $59.30. The company has a current ratio of 1.62, a quick ratio of 0.41 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 company has a market cap of $3.94 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34.

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

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Analysts Set New Price Targets

A number of equities analysts have commented on ASO shares. Evercore ISI lifted their target price on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Truist Financial decreased their price objective on 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. Wells Fargo & Company cut their target price on Academy Sports and Outdoors from $55.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, June 12th. Finally, UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average target price of $64.73.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the firm’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 transaction of $33,906.25. Following the sale, the director now owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.

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.