Pacer Advisors Inc. Purchases Shares of 3,268,629 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacer Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,268,629 shares of the company’s stock, valued at approximately $174,054,000.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new position in shares of Academy Sports and Outdoors in the first quarter worth about $35,000. Future Financial Wealth Managment LLC purchased a new position in shares of Academy Sports and Outdoors in the first quarter worth approximately $68,000. EverSource Wealth Advisors LLC raised 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 valued at $69,000 after acquiring an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Academy Sports and Outdoors in the 4th quarter valued at approximately $73,000.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction dated 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 owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The stock was 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 directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The disclosure for this sale can be found here. 2.19% of the stock is owned by insiders.

Academy Sports and Outdoors Trading Down 2.4 %

Shares of ASO stock opened at $60.34 on Friday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73. The firm’s fifty day simple moving average is $54.43 and its 200 day simple moving average is $57.22. 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 (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed 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 is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASO. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Truist Financial increased their price objective on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.86.

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.