Aviance Capital Partners LLC Purchases 21,160 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Aviance Capital Partners LLC raised its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 39.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,859 shares of the company’s stock after acquiring an additional 21,160 shares during the quarter. Aviance Capital Partners LLC’s holdings in Academy Sports and Outdoors were worth $4,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. UniSuper Management Pty Ltd purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at about $1,021,000. Russell Investments Group Ltd. grew its stake in Academy Sports and Outdoors by 75.0% in the first quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock worth $2,674,000 after purchasing an additional 16,970 shares during the period. Public Sector Pension Investment Board lifted its position in Academy Sports and Outdoors by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock valued at $8,648,000 after acquiring an additional 10,416 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Academy Sports and Outdoors by 17.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 808,250 shares of the company’s stock valued at $43,040,000 after purchasing an additional 121,115 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Academy Sports and Outdoors in the first quarter worth $1,000,000.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares in the company, valued at $552,172. This represents a 11.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $46.60 on Tuesday. The company’s fifty day moving average price is $54.81 and its 200-day moving average price is $54.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The firm has a market capitalization of $3.28 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 1-year low of $45.47 and a 1-year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company earned $2.01 EPS. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

Analyst Ratings Changes

ASO has been the subject of a number of recent analyst reports. 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Truist Financial upped their target price on shares of 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. Jefferies Financial Group reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company increased their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Company 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.