Argent Trust Co Invests $426,000 in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Argent Trust Co acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, according to its most recent filing with the SEC. The firm acquired 8,000 shares of the company’s stock, valued at approximately $426,000.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Academy Sports and Outdoors during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Academy Sports and Outdoors in the first quarter valued at approximately $68,000. EverSource Wealth Advisors LLC grew its holdings in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after acquiring an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Academy Sports and Outdoors in the fourth quarter worth $73,000.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $61.83 on Friday. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. 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 stock’s 50-day moving average is $54.13 and its 200-day moving average is $57.29.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating 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 firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $2.01 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the sale, the director now directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.

Analyst Ratings Changes

ASO has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $63.00 in a report on Tuesday, June 11th. Evercore ISI boosted their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Finally, UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $81.00 to $58.00 in a research report on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus price target of $62.86.

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.