Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Position Raised by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 94.7% in the third quarter, HoldingsChannel.com reports. The fund owned 8,300 shares of the company’s stock after purchasing an additional 4,038 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Academy Sports and Outdoors were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in ASO. Virtu Financial LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at approximately $306,000. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors in the third quarter valued at $40,000. Geode Capital Management LLC raised its holdings in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares during the last quarter. Vestcor Inc raised its position in shares of Academy Sports and Outdoors by 184.3% in the 3rd quarter. Vestcor Inc now owns 16,197 shares of the company’s stock worth $945,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $323,000.

Academy Sports and Outdoors Price Performance

ASO opened at $54.98 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The stock has a market capitalization of $3.82 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.06 and a beta of 1.31. The company’s 50-day simple moving average is $51.41 and its two-hundred day simple moving average is $53.42.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, analysts predict that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

Wall Street Analyst Weigh In

ASO has been the topic of a number of research reports. Jefferies Financial Group lowered their target price on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. TD Cowen upped their price target on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, September 11th. Truist Financial raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Hold” and an average target price of $61.07.

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 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 directly owns 8,906 shares of the company’s stock, valued at $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.19% of the company’s stock.

About Academy Sports and Outdoors

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.