Radnor Capital Management LLC boosted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 94.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,430 shares of the company’s stock after buying an additional 12,340 shares during the quarter. Radnor Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $1,374,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC raised its holdings in Academy Sports and Outdoors by 139.2% in the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock valued at $27,000 after acquiring an additional 245 shares during the last quarter. Optimum Investment Advisors acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $33,000. CI Investments Inc. purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at approximately $37,000. Captrust Financial Advisors raised its position in shares of Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after buying an additional 357 shares during the period. Finally, Tucker Asset Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $47,000.
Analyst Upgrades and Downgrades
ASO has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Academy Sports and Outdoors from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, September 1st. Robert W. Baird cut their target price on Academy Sports and Outdoors from $75.00 to $70.00 in a research report on Wednesday, June 7th. TD Cowen dropped their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, August 29th. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Friday, September 1st. Finally, Bank of America lowered their target price on shares of Academy Sports and Outdoors from $85.00 to $75.00 in a research note on Wednesday, June 7th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.24.
Academy Sports and Outdoors Price Performance
Shares of ASO traded down $1.27 during mid-day trading on Friday, reaching $49.90. 283,414 shares of the company’s stock were exchanged, compared to its average volume of 1,579,486. The company has a quick ratio of 0.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $54.81 and a two-hundred day simple moving average of $65.11. Academy Sports and Outdoors, Inc. has a 52-week low of $40.67 and a 52-week high of $69.02. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 0.58 and a beta of 1.20.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last announced its quarterly earnings results on Thursday, August 31st. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Academy Sports and Outdoors had a net margin of 8.71% and a return on equity of 32.91%. Academy Sports and Outdoors’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $2.30 EPS. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.93 EPS for the current fiscal year.
Academy Sports and Outdoors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, September 12th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 5.30%.
Insider Transactions at Academy Sports and Outdoors
In other Academy Sports and Outdoors news, EVP Samuel J. Johnson sold 40,531 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $50.03, for a total transaction of $2,027,765.93. Following the completion of the transaction, the executive vice president now directly owns 70,303 shares of the company’s stock, valued at approximately $3,517,259.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.56% of the company’s stock.
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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.
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