Strategic Blueprint LLC Acquires Shares of 4,897 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Strategic Blueprint LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,897 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASO. UniSuper Management Pty Ltd acquired a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at about $1,021,000. Russell Investments Group Ltd. grew its position in shares of Academy Sports and Outdoors by 75.0% during the 1st quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock worth $2,674,000 after buying an additional 16,970 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Academy Sports and Outdoors by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock valued at $8,648,000 after acquiring an additional 10,416 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Academy Sports and Outdoors by 17.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 808,250 shares of the company’s stock valued at $43,040,000 after acquiring an additional 121,115 shares during the period. Finally, Boston Partners bought a new position in Academy Sports and Outdoors during the first quarter worth $1,000,000.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on 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 in the company, valued at $552,172. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ASO shares. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Loop Capital restated a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Truist Financial lifted 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 report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Trading Down 0.4 %

Shares of Academy Sports and Outdoors stock opened at $50.67 on Friday. The company’s 50-day moving average price is $55.73 and its 200-day moving average price is $54.88. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.98 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 12-month low of $44.21 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.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share 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 firm 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 firm posted $2.01 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 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, October 17th. Investors of record on Thursday, September 19th were paid a $0.11 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.87%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.79%.

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.