SkyView Investment Advisors LLC Purchases New Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

SkyView Investment Advisors LLC acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,006 shares of the company’s stock, valued at approximately $213,000.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the 2nd quarter valued at approximately $174,054,000. Dimensional Fund Advisors LP grew its position in Academy Sports and Outdoors by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after acquiring an additional 481,640 shares during the period. Point72 Asset Management L.P. increased its stake in Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after acquiring an additional 559,414 shares during the last quarter. LSV Asset Management raised its position in Academy Sports and Outdoors by 4.2% in the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after purchasing an additional 69,700 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after purchasing an additional 29,912 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ASO shares. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $76.00 to $53.00 in a report on Monday, August 5th. Wells Fargo & Company boosted their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Truist Financial increased their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Evercore ISI boosted their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, TD Cowen raised their price target on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.86.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Trading Down 0.6 %

ASO opened at $59.19 on Monday. The business has a fifty day moving average price of $54.88 and a 200 day moving average price of $56.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.16 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $2.01 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.73%.

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.