Robotti Robert Purchases Shares of 85,187 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Robotti Robert purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 85,187 shares of the company’s stock, valued at approximately $5,754,000. Academy Sports and Outdoors accounts for about 0.8% of Robotti Robert’s holdings, making the stock its 24th biggest holding. Robotti Robert owned 0.12% of Academy Sports and Outdoors as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Academy Sports and Outdoors by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,655,894 shares of the company’s stock valued at $175,290,000 after acquiring an additional 80,218 shares in the last quarter. Point72 Asset Management L.P. grew its holdings 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 buying an additional 559,414 shares in the last quarter. LSV Asset Management grew its holdings in Academy Sports and Outdoors by 28.4% during the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after buying an additional 365,855 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Academy Sports and Outdoors by 0.7% during the fourth quarter. King Luther Capital Management Corp now owns 1,552,823 shares of the company’s stock worth $102,486,000 after buying an additional 10,900 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in Academy Sports and Outdoors by 0.9% during the first quarter. Westwood Holdings Group Inc. now owns 1,241,093 shares of the company’s stock worth $83,823,000 after buying an additional 10,545 shares in the last quarter.

Insider Buying and Selling

In related 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 completion of the sale, the director now owns 10,106 shares of the company’s stock, valued at $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is currently owned by insiders.

Academy Sports and Outdoors Price Performance

NASDAQ ASO traded up $0.95 on Monday, reaching $54.24. 1,086,691 shares of the company’s stock traded hands, compared to its average volume of 1,473,586. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. The stock has a 50-day simple moving average of $53.90 and a 200 day simple moving average of $60.60. The stock has a market cap of $3.91 billion, a PE ratio of 8.29, a P/E/G ratio of 0.90 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts predict that Academy Sports and Outdoors, Inc. will post 6.35 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, June 20th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, June 20th. Academy Sports and Outdoors’s payout ratio is 6.73%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ASO shares. Evercore ISI boosted their price objective on Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Loop Capital reissued a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, July 1st. Jefferies Financial Group started coverage on Academy Sports and Outdoors in a research report on Friday, April 12th. They issued a “buy” rating and a $85.00 price objective on the stock. UBS Group downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Finally, TD Cowen dropped their price objective on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.87.

Academy Sports and Outdoors Company 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.