Islay Capital Management LLC Purchases Shares of 22,257 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Islay Capital Management LLC acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,257 shares of the company’s stock, valued at approximately $1,299,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. bought a new position in Academy Sports and Outdoors during the 2nd quarter worth about $174,054,000. Dimensional Fund Advisors LP boosted its position in shares of Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after buying an additional 481,640 shares during the period. LSV Asset Management grew its holdings in shares of Academy Sports and Outdoors by 4.2% during the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock worth $91,683,000 after buying an additional 69,700 shares in the last quarter. King Luther Capital Management Corp raised its position in Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after buying an additional 29,912 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in Academy Sports and Outdoors by 7.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock valued at $70,915,000 after acquiring an additional 90,651 shares in the last quarter.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $47.80 on Monday. Academy Sports and Outdoors, Inc. has a 12-month low of $45.47 and a 12-month high of $75.73. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.92 and a beta of 1.37. The stock’s 50 day moving average price is $54.93 and its two-hundred day moving average price is $54.29. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $2.01 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.79%.

Analyst Upgrades and Downgrades

ASO has been the subject of several research reports. Truist Financial raised their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group cut their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Loop Capital restated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.19% of the stock is currently owned by 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.