Verity Asset Management Inc. Sells 483 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Verity Asset Management Inc. reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,903 shares of the company’s stock after selling 483 shares during the period. Verity Asset Management Inc.’s holdings in Academy Sports and Outdoors were worth $1,512,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its stake in shares of Academy Sports and Outdoors by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 64,896 shares of the company’s stock valued at $4,383,000 after acquiring an additional 508 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Academy Sports and Outdoors by 152.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,923 shares of the company’s stock valued at $738,000 after purchasing an additional 6,600 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Academy Sports and Outdoors by 6.2% during the first quarter. Illinois Municipal Retirement Fund now owns 44,514 shares of the company’s stock valued at $3,006,000 after purchasing an additional 2,583 shares during the period. Steamboat Capital Partners LLC boosted its position in shares of Academy Sports and Outdoors by 54.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 100,000 shares of the company’s stock worth $6,754,000 after purchasing an additional 35,323 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 47.2% in the 1st quarter. Tectonic Advisors LLC now owns 12,602 shares of the company’s stock valued at $851,000 after buying an additional 4,040 shares during the period.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ASO. Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Loop Capital reaffirmed 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Academy Sports and Outdoors Stock Up 1.5 %

ASO opened at $52.02 on Friday. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.21 and a fifty-two week high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The company’s 50-day moving average is $55.56 and its 200 day moving average is $54.75. The firm has a market capitalization of $3.66 billion, a P/E ratio of 8.03, a PEG ratio of 1.01 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 EPS. Research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.79%.

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.