Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 19.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,969,886 shares of the company’s stock after buying an additional 481,640 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Academy Sports and Outdoors were worth $158,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in Academy Sports and Outdoors in the 4th quarter worth $26,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors in the 1st quarter worth $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Academy Sports and Outdoors during the first quarter worth $68,000. EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after buying an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $73,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ASO. TD Cowen upped 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Evercore ISI upped their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.86.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated 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 owns 8,906 shares of the company’s stock, valued at $552,172. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other 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 sale, the director now owns 8,906 shares of the company’s stock, valued at $552,172. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Trading Down 2.4 %

Shares of ASO opened at $60.34 on Friday. The firm has a 50-day moving average price of $54.43 and a 200 day moving average price of $57.22. 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 current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.35 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company 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. Sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. Academy Sports and Outdoors’s payout ratio is currently 6.73%.

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.