Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by Creative Planning

Creative Planning boosted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 49.3% in the third quarter, HoldingsChannel.com reports. The fund owned 23,196 shares of the company’s stock after purchasing an additional 7,657 shares during the period. Creative Planning’s holdings in Academy Sports and Outdoors were worth $1,354,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mission Wealth Management LP purchased a new position in Academy Sports and Outdoors in the first quarter valued at $358,000. Jennison Associates LLC boosted its stake in shares of Academy Sports and Outdoors by 14.4% in the 1st quarter. Jennison Associates LLC now owns 14,390 shares of the company’s stock valued at $972,000 after buying an additional 1,811 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Academy Sports and Outdoors by 0.8% during the first quarter. Texas Permanent School Fund Corp now owns 64,896 shares of the company’s stock worth $4,383,000 after buying an additional 508 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Academy Sports and Outdoors by 152.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,923 shares of the company’s stock worth $738,000 after buying an additional 6,600 shares during the period. Finally, Illinois Municipal Retirement Fund raised its holdings in Academy Sports and Outdoors by 6.2% in the first quarter. Illinois Municipal Retirement Fund now owns 44,514 shares of the company’s stock valued at $3,006,000 after acquiring an additional 2,583 shares in the last quarter.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares in the company, valued at $552,172. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $51.31 on Thursday. The stock’s 50-day moving average price is $55.89 and its 200 day moving average price is $54.97. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.61 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 52-week low of $43.62 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. Academy Sports and Outdoors’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.86%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Jefferies Financial Group dropped their target price on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Loop Capital reaffirmed a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Finally, TD Cowen boosted their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

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.