Cwm LLC Acquires 196 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cwm LLC grew its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,480 shares of the company’s stock after buying an additional 196 shares during the quarter. Cwm LLC’s holdings in Academy Sports and Outdoors were worth $261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Academy Sports and Outdoors during the 1st quarter worth about $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $58,000. GAMMA Investing LLC raised its holdings in shares of Academy Sports and Outdoors by 54.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,293 shares of the company’s stock valued at $75,000 after purchasing an additional 456 shares during the period. Your Advocates Ltd. LLP raised its holdings in shares of Academy Sports and Outdoors by 117.3% in the 2nd 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 during the period. Finally, Blue Trust Inc. raised its holdings in shares of Academy Sports and Outdoors by 94.7% in the 2nd quarter. Blue Trust Inc. now owns 2,149 shares of the company’s stock valued at $114,000 after purchasing an additional 1,045 shares during the period.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 in the company, valued at $552,172. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.19% of the company’s stock.

Analysts Set New Price Targets

ASO has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. 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 report on Wednesday, September 11th. Evercore ISI cut shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their target price for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Wells Fargo & Company upped their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Academy Sports and Outdoors Stock Down 0.9 %

Shares of ASO opened at $54.21 on Wednesday. The firm’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $55.33. Academy Sports and Outdoors, Inc. has a 52 week low of $43.07 and a 52 week high of $75.73. The firm has a market cap of $3.91 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $2.01 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Academy Sports and Outdoors’s payout ratio is presently 6.73%.

Academy Sports and Outdoors Company 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.