Sunbelt Securities Inc. Has $408,000 Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Sunbelt Securities Inc. raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,653 shares of the company’s stock after buying an additional 525 shares during the period. Sunbelt Securities Inc.’s holdings in Academy Sports and Outdoors were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ASO. Hsbc Holdings PLC raised its position in shares of Academy Sports and Outdoors by 31.9% during the fourth quarter. Hsbc Holdings PLC now owns 98,898 shares of the company’s stock worth $6,558,000 after acquiring an additional 23,945 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Academy Sports and Outdoors by 94.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,862 shares of the company’s stock worth $321,000 after acquiring an additional 2,358 shares in the last quarter. TD Asset Management Inc bought a new stake in Academy Sports and Outdoors in the 4th quarter valued at $2,600,000. Allianz Asset Management GmbH boosted its stake in Academy Sports and Outdoors by 22.8% in the 4th quarter. Allianz Asset Management GmbH now owns 144,746 shares of the company’s stock worth $9,553,000 after purchasing an additional 26,833 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at approximately $26,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ASO. Jefferies Financial Group reduced their target price on 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. Robert W. Baird dropped their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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 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 sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the business’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 completion of the sale, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Trading Down 3.5 %

Shares of ASO stock opened at $56.30 on Wednesday. The stock’s fifty day simple moving average is $54.98 and its 200 day simple moving average is $56.48. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73. The firm has a market capitalization of $4.06 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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 analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 EPS. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is presently 6.73%.

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.