Vanguard Personalized Indexing Management LLC Has $271,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Vanguard Personalized Indexing Management LLC trimmed its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 15.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,091 shares of the company’s stock after selling 918 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Academy Sports and Outdoors were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASO. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after purchasing an additional 250 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in Academy Sports and Outdoors by 3.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after acquiring an additional 269 shares during the last quarter. Moody National Bank Trust Division increased its position in Academy Sports and Outdoors by 2.1% in the 1st quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock valued at $911,000 after acquiring an additional 276 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Academy Sports and Outdoors by 2.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock valued at $726,000 after acquiring an additional 296 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter worth $26,000.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors 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 owns 8,906 shares in the company, valued at approximately $552,172. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $59.19 on Monday. The business has a 50-day simple moving average of $54.88 and a 200 day simple moving average of $56.67. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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 company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 earnings per share. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is presently 6.73%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ASO shares. Robert W. Baird lowered their target price on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their target price 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. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.86.

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.