Raymond James & Associates Increases Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Raymond James & Associates lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,224 shares of the company’s stock after purchasing an additional 538 shares during the period. Raymond James & Associates owned 0.05% of Academy Sports and Outdoors worth $2,089,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Oakworth Capital Inc. boosted its holdings in shares of Academy Sports and Outdoors by 40.3% in the second quarter. Oakworth Capital Inc. now owns 13,650 shares of the company’s stock valued at $727,000 after purchasing an additional 3,924 shares during the period. CFM Wealth Partners LLC boosted its holdings in shares of Academy Sports and Outdoors by 1.1% in the second quarter. CFM Wealth Partners LLC now owns 56,359 shares of the company’s stock valued at $3,001,000 after purchasing an additional 633 shares during the period. Blue Trust Inc. boosted its holdings in shares of Academy Sports and Outdoors by 94.7% in the second quarter. Blue Trust Inc. now owns 2,149 shares of the company’s stock valued at $114,000 after purchasing an additional 1,045 shares during the period. Hunter Perkins Capital Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 37.0% in the second quarter. Hunter Perkins Capital Management LLC now owns 18,635 shares of the company’s stock valued at $992,000 after purchasing an additional 5,035 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 17.3% in the second quarter. AlphaMark Advisors LLC now owns 5,412 shares of the company’s stock valued at $288,000 after purchasing an additional 799 shares during the period.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the sale, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.19% of the stock is owned by insiders.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $55.48 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $53.08 and its 200-day simple moving average is $58.45. 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 market cap of $4.00 billion, a PE ratio of 8.48, a PEG ratio of 0.95 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last released 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 net margin of 8.17% and a return on equity of 27.18%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $1.19 earnings per share. Academy Sports and Outdoors’s revenue was down 1.4% on a year-over-year basis. Analysts expect that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, June 20th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Thursday, June 20th. Academy Sports and Outdoors’s payout ratio is 6.73%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ASO shares. Evercore ISI boosted their price objective on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. UBS Group downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Wedbush reduced their price objective on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Bank of America downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $75.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

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.