Cwm LLC Purchases 435 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cwm LLC lifted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) by 135.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 757 shares of the company’s stock after buying an additional 435 shares during the quarter. Cwm LLC’s holdings in Academy Sports and Outdoors were worth $32,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ASO. Raymond James Financial Services Advisors Inc. increased its position in shares of Academy Sports and Outdoors by 4.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 48,019 shares of the company’s stock valued at $1,892,000 after acquiring an additional 1,951 shares in the last quarter. Bank of New York Mellon Corp grew its position in Academy Sports and Outdoors by 117.2% in the 1st quarter. Bank of New York Mellon Corp now owns 850,956 shares of the company’s stock worth $33,529,000 after purchasing an additional 459,085 shares during the period. PNC Financial Services Group Inc. grew its position in Academy Sports and Outdoors by 42.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the company’s stock worth $190,000 after purchasing an additional 1,419 shares during the period. Natixis Advisors L.P. bought a new stake in Academy Sports and Outdoors in the 1st quarter worth approximately $447,000. Finally, MetLife Investment Management LLC grew its position in Academy Sports and Outdoors by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 42,967 shares of the company’s stock worth $1,693,000 after purchasing an additional 15,599 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, SVP Heather A. Davis sold 6,307 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $43.13, for a total transaction of $272,020.91. Following the transaction, the senior vice president now directly owns 88,075 shares in the company, valued at approximately $3,798,674.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Academy Sports and Outdoors news, SVP Heather A. Davis sold 6,307 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $43.13, for a total value of $272,020.91. Following the completion of the sale, the senior vice president now directly owns 88,075 shares of the company’s stock, valued at approximately $3,798,674.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Manish Maini sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $54.32, for a total transaction of $2,444,400.00. Following the completion of the sale, the senior vice president now directly owns 102,639 shares of the company’s stock, valued at approximately $5,575,350.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,701 shares of company stock worth $7,893,878. Insiders own 3.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ASO. Guggenheim lifted their target price on shares of Academy Sports and Outdoors to $63.00 in a research report on Monday, December 12th. UBS Group lifted their price target on shares of Academy Sports and Outdoors from $60.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, December 8th. Stephens lifted their price target on shares of Academy Sports and Outdoors from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, December 8th. Loop Capital lifted their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 in a research note on Wednesday, December 14th. Finally, Wells Fargo & Company lifted their price target on shares of Academy Sports and Outdoors from $56.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, December 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.36.

Academy Sports and Outdoors Stock Up 2.3 %

ASO opened at $54.15 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.71 and a beta of 1.14. The firm’s fifty day moving average is $51.98 and its 200 day moving average is $46.72. Academy Sports and Outdoors, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $57.85.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last announced its quarterly earnings results on Wednesday, December 7th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.55 billion. Academy Sports and Outdoors had a net margin of 9.48% and a return on equity of 41.27%. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 7.39 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, December 20th were issued a $0.075 dividend. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.30 dividend on an annualized basis and a yield of 0.55%. Academy Sports and Outdoors’s dividend payout ratio is currently 4.23%.

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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