DekaBank Deutsche Girozentrale Increases Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 45.7% during the third quarter, HoldingsChannel.com reports. The fund owned 9,754 shares of the company’s stock after purchasing an additional 3,060 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Plan Group Financial LLC purchased a new position in Academy Sports and Outdoors in the 3rd quarter valued at $334,000. Raymond James & Associates grew its position in Academy Sports and Outdoors by 2.3% in the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock valued at $2,341,000 after buying an additional 892 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Academy Sports and Outdoors in the 3rd quarter valued at $40,000. AlphaMark Advisors LLC grew its position in Academy Sports and Outdoors by 18.5% in the 3rd quarter. AlphaMark Advisors LLC now owns 6,414 shares of the company’s stock valued at $374,000 after buying an additional 1,002 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC grew its position in Academy Sports and Outdoors by 24.3% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 23,155 shares of the company’s stock valued at $1,351,000 after buying an additional 4,520 shares during the last quarter.

Insider Activity at Academy Sports and Outdoors

In related news, 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 transaction, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ASO shares. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, September 11th. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Loop Capital reiterated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Academy Sports and Outdoors Trading Down 0.4 %

NASDAQ:ASO opened at $50.67 on Friday. The company has a market capitalization of $3.56 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. 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, Inc. has a 52-week low of $44.21 and a 52-week high of $75.73. The stock has a fifty day simple moving average of $55.73 and a 200-day simple moving average of $54.85.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results 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. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.01 EPS. On average, equities research 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 declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

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.