Foster & Motley Inc. Grows Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Foster & Motley Inc. increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,530 shares of the company’s stock after acquiring an additional 666 shares during the period. Foster & Motley Inc.’s holdings in Academy Sports and Outdoors were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its position in Academy Sports and Outdoors by 4.6% in the third quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after acquiring an additional 196 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in Academy Sports and Outdoors by 1.3% in the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after purchasing an additional 203 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after purchasing an additional 250 shares during the last quarter. Trust Investment Advisors lifted its stake in Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after purchasing an additional 266 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after purchasing an additional 269 shares during the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Loop Capital reissued a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Finally, Telsey Advisory Group reaffirmed 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $51.23 on Thursday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 52 week low of $44.21 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. The firm has a 50 day moving average of $55.63 and a 200 day moving average of $54.77.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

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

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on 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 directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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.

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.