Impala Asset Management LLC Takes Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Impala Asset Management LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,000 shares of the company’s stock, valued at approximately $3,728,000. Academy Sports and Outdoors accounts for approximately 3.4% of Impala Asset Management LLC’s holdings, making the stock its 8th biggest position. Impala Asset Management LLC owned about 0.10% of Academy Sports and Outdoors as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC boosted its holdings in Academy Sports and Outdoors by 1,014.0% in the fourth quarter. Verition Fund Management LLC now owns 213,542 shares of the company’s stock valued at $14,094,000 after purchasing an additional 194,373 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Academy Sports and Outdoors by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock valued at $66,725,000 after buying an additional 172,783 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Academy Sports and Outdoors during the 1st quarter valued at about $1,021,000. Point72 Asset Management L.P. boosted its position in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after buying an additional 559,414 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Academy Sports and Outdoors by 75.0% in 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 in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ASO shares. TD Cowen upped their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Evercore ISI raised their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Finally, Wells Fargo & Company raised their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Insider Activity

In other Academy Sports and Outdoors 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 sale, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the company’s 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 directly owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction 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 corporate insiders.

Academy Sports and Outdoors Stock Down 0.6 %

ASO opened at $59.19 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 1.16 and a beta of 1.34. The business has a 50 day moving average of $54.88 and a 200-day moving average of $56.76. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion for 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%. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.01 earnings per share. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio (DPR) 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.