Empowered Funds LLC acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 135,285 shares of the company’s stock, valued at approximately $7,895,000.
Several other hedge funds and other institutional investors have also bought and sold shares of ASO. Pacer Advisors Inc. bought a new stake in shares of Academy Sports and Outdoors in the second quarter worth $174,054,000. Dimensional Fund Advisors LP increased its position in shares of Academy Sports and Outdoors by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after purchasing an additional 481,640 shares during the last quarter. LSV Asset Management lifted its stake in shares of Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock worth $91,683,000 after purchasing an additional 69,700 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of Academy Sports and Outdoors by 1.9% in the second quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock worth $85,903,000 after buying an additional 29,912 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in Academy Sports and Outdoors by 7.3% during the second quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock valued at $70,915,000 after buying an additional 90,651 shares during the period.
Academy Sports and Outdoors Trading Down 3.0 %
Shares of ASO stock opened at $47.80 on Friday. The stock’s 50-day moving average price is $54.93 and its 200-day moving average price is $54.33. Academy Sports and Outdoors, Inc. has a 12-month low of $45.47 and a 12-month high of $75.73. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. 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 Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.92%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.
Insider Activity
In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 approximately $552,172. The trade was a 11.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.19% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on ASO shares. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. TD Cowen increased their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Finally, Loop Capital reiterated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $62.50.
Get Our Latest Stock Report on ASO
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.
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