Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 54.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,293 shares of the company’s stock after buying an additional 456 shares during the quarter. GAMMA Investing LLC’s holdings in Academy Sports and Outdoors were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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. LSV Asset Management grew 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 worth $91,683,000 after acquiring an additional 69,700 shares during the period. 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. Finally, Westwood Holdings Group Inc. increased its position in shares of Academy Sports and Outdoors by 7.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock worth $70,915,000 after purchasing an additional 90,651 shares during the last quarter.

Academy Sports and Outdoors Trading Up 2.4 %

Shares of NASDAQ:ASO opened at $54.90 on Wednesday. Academy Sports and Outdoors, Inc. has a 52 week low of $43.07 and a 52 week high of $75.73. The company’s 50 day moving average is $55.52 and its two-hundred day moving average is $55.57. The company has a market cap of $3.96 billion, a PE ratio of 8.39, a P/E/G ratio of 1.04 and a beta of 1.34. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm earned $2.01 earnings per share. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts predict that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

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 issued a dividend of $0.11 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. Academy Sports and Outdoors’s payout ratio is currently 6.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ASO shares. Evercore ISI cut shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Loop Capital reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. TD Cowen boosted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 11th. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.50.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated 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 in the company, valued at approximately $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.19% of the company’s stock.

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.