Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC decreased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,001 shares of the company’s stock after selling 1,977 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.22% of Academy Sports and Outdoors worth $8,627,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ASO. Jones Financial Companies Lllp purchased a new stake in Academy Sports and Outdoors in the fourth quarter valued at $26,000. Headlands Technologies LLC purchased a new position in Academy Sports and Outdoors in the 1st quarter valued at $35,000. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors in the 1st quarter valued at $68,000. EverSource Wealth Advisors LLC raised its position 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 during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Academy Sports and Outdoors in the 4th quarter worth $73,000.

Academy Sports and Outdoors Trading Up 5.6 %

NASDAQ ASO opened at $59.01 on Monday. The company’s fifty day simple moving average is $53.61 and its 200-day simple moving average is $57.46. The stock has a market cap of $4.26 billion, a P/E ratio of 9.02, a PEG ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $2.01 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Wall Street Analyst Weigh In

ASO has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Truist Financial lifted their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, Evercore ISI increased their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.86.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction dated 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 owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

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.