Banque Cantonale Vaudoise Purchases New Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Banque Cantonale Vaudoise purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,371 shares of the company’s stock, valued at approximately $255,000.

A number of other institutional investors also recently modified their holdings of ASO. Russell Investments Group Ltd. lifted its stake in shares of Academy Sports and Outdoors by 75.0% during the 1st quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock valued at $2,674,000 after buying an additional 16,970 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Academy Sports and Outdoors by 3.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after purchasing an additional 250 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Academy Sports and Outdoors in the 1st quarter valued at $348,000. Mount Yale Investment Advisors LLC bought a new position in Academy Sports and Outdoors in the 1st quarter valued at $269,000. Finally, Robotti Robert bought a new position in Academy Sports and Outdoors in the 1st quarter valued at $5,754,000.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s 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 transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ASO shares. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Loop Capital reissued a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Wells Fargo & Company lifted their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors has an average rating of “Hold” and a consensus price target of $61.57.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $46.64 on Friday. The stock has a market cap of $3.28 billion, a PE ratio of 7.20, a PEG ratio of 0.88 and a beta of 1.37. The company’s fifty day moving average is $53.98 and its 200 day moving average is $53.93. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.01 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.79%.

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.