EverSource Wealth Advisors LLC Sells 253 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

EverSource Wealth Advisors LLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 21.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 904 shares of the company’s stock after selling 253 shares during the period. EverSource Wealth Advisors LLC’s holdings in Academy Sports and Outdoors were worth $49,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at approximately $35,000. Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at approximately $68,000. Kapitalo Investimentos Ltda bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $73,000. Finally, Your Advocates Ltd. LLP lifted its holdings in shares of Academy Sports and Outdoors by 117.3% in the second quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock valued at $91,000 after purchasing an additional 921 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $59.19 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.16 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 company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The business has a fifty day simple moving average of $54.88 and a two-hundred day simple moving average of $56.76.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 earnings per share. On average, analysts expect that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a $0.11 dividend. 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 dividend payout ratio (DPR) is presently 6.73%.

Insider Activity

In other news, 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 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 document filed with the SEC, which is available through the SEC website. In related news, 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, 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 company insiders.

Analyst Ratings Changes

ASO has been the subject of a number of research analyst reports. Bank of America downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $63.00 in a research report on Tuesday, June 11th. Evercore ISI increased their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Morgan Stanley reaffirmed 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. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Loop Capital reaffirmed a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.