Future Financial Wealth Managment LLC Buys Shares of 1,000 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Future Financial Wealth Managment LLC purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the third quarter, Holdings Channel.com reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Academy Sports and Outdoors by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock valued at $66,725,000 after acquiring an additional 172,783 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at approximately $1,021,000. Russell Investments Group Ltd. lifted its stake in shares of Academy Sports and Outdoors by 75.0% in the first 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 last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Academy Sports and Outdoors by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock worth $8,648,000 after buying an additional 10,416 shares during the period. Finally, Aviance Capital Partners LLC grew its stake in Academy Sports and Outdoors by 4.5% in the 1st quarter. Aviance Capital Partners LLC now owns 51,647 shares of the company’s stock valued at $3,488,000 after buying an additional 2,210 shares during the last quarter.

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s 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 transaction, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 $552,172. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.19% of the stock is owned by insiders.

Academy Sports and Outdoors Trading Down 0.7 %

ASO stock opened at $54.60 on Thursday. The business has a fifty day moving average price of $55.16 and a 200 day moving average price of $56.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a fifty-two week low of $43.07 and a fifty-two week high of $75.73. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.16 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates 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 last year, the company posted $2.01 earnings per share. Analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.81%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.73%.

Analysts Set New Price Targets

ASO has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on shares of 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. TD Cowen increased 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 research note on Wednesday, September 11th. Wells Fargo & Company lifted 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 research note on Wednesday, September 11th. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Finally, Truist Financial upped their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.50.

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.