Oppenheimer & Co. Inc. Buys New Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Oppenheimer & Co. Inc. bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) during the second quarter, HoldingsChannel.com reports. The fund bought 6,385 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after acquiring an additional 357 shares during the period. Capital Investment Advisory Services LLC grew its stake in Academy Sports and Outdoors by 8.2% during the first quarter. Capital Investment Advisory Services LLC now owns 5,300 shares of the company’s stock worth $209,000 after buying an additional 400 shares during the last quarter. First Dallas Securities Inc. grew its stake in Academy Sports and Outdoors by 5.4% during the second quarter. First Dallas Securities Inc. now owns 7,850 shares of the company’s stock worth $279,000 after buying an additional 400 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Academy Sports and Outdoors by 2.5% during the second quarter. CIBC Private Wealth Group LLC now owns 16,116 shares of the company’s stock worth $573,000 after buying an additional 400 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Academy Sports and Outdoors by 2.7% during the first quarter. Teacher Retirement System of Texas now owns 17,136 shares of the company’s stock worth $675,000 after buying an additional 458 shares during the last quarter. Institutional investors own 98.01% of the company’s stock.

Academy Sports and Outdoors Trading Up 1.6 %

Shares of NASDAQ ASO opened at $48.09 on Friday. The company’s 50 day simple moving average is $44.94 and its 200 day simple moving average is $41.32. Academy Sports and Outdoors, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $51.51. The firm has a market capitalization of $3.83 billion, a P/E ratio of 6.68, a P/E/G ratio of 0.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.58 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.23. Academy Sports and Outdoors had a net margin of 9.79% and a return on equity of 44.64%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business posted $2.34 earnings per share. Academy Sports and Outdoors’s revenue was down 5.9% compared to the same quarter last year. On average, analysts predict that Academy Sports and Outdoors, Inc. will post 7.14 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Thursday, September 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, September 14th. Academy Sports and Outdoors’s payout ratio is presently 4.17%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, EVP Samuel J. Johnson sold 112,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $48.46, for a total value of $5,427,520.00. Following the completion of the sale, the executive vice president now owns 132,539 shares of the company’s stock, valued at $6,422,839.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Heather A. Davis sold 6,307 shares of the stock in a transaction on Monday, October 24th. The shares were sold at an average price of $43.13, for a total transaction of $272,020.91. Following the completion of the sale, the senior vice president now owns 88,075 shares of the company’s stock, valued at $3,798,674.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samuel J. Johnson sold 112,000 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $48.46, for a total transaction of $5,427,520.00. Following the sale, the executive vice president now directly owns 132,539 shares of the company’s stock, valued at approximately $6,422,839.94. The disclosure for this sale can be found here. Insiders own 3.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ASO shares. Oppenheimer upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, September 8th. TheStreet upgraded shares of Academy Sports and Outdoors from a “c” rating to a “b-” rating in a research report on Tuesday, October 4th. UBS Group upped their target price on shares of Academy Sports and Outdoors from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Wedbush upped their target price on shares of Academy Sports and Outdoors from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, September 8th. Finally, Evercore ISI upped their target price on shares of Academy Sports and Outdoors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, September 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.70.

Academy Sports and Outdoors Company Profile

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

See Also

Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating).

Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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