Charles Schwab Investment Management Inc. Has $43.83 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Charles Schwab Investment Management Inc. grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 751,043 shares of the company’s stock after acquiring an additional 8,613 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Academy Sports and Outdoors were worth $43,831,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ASO. Pacer Advisors Inc. acquired a new position in Academy Sports and Outdoors during the second quarter valued at approximately $174,054,000. Dimensional Fund Advisors LP boosted its holdings in shares of Academy Sports and Outdoors by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after buying an additional 481,640 shares during the last quarter. Royce & Associates LP grew its stake in shares of Academy Sports and Outdoors by 62.5% in the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock valued at $55,515,000 after buying an additional 365,929 shares in the last quarter. Marshall Wace LLP acquired a new position in Academy Sports and Outdoors during the second quarter worth $10,224,000. Finally, The Manufacturers Life Insurance Company raised its position in Academy Sports and Outdoors by 43.4% during the second quarter. The Manufacturers Life Insurance Company now owns 612,175 shares of the company’s stock worth $32,598,000 after acquiring an additional 185,295 shares in the last quarter.

Academy Sports and Outdoors Stock Up 0.8 %

ASO stock opened at $49.25 on Monday. The business’s fifty day moving average price is $52.76 and its two-hundred day moving average price is $53.62. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.95 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week 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.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share 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 analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 EPS. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.79%.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was 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 $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASO shares. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Loop Capital reissued 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. TD Cowen raised their price objective on 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. JPMorgan Chase & Co. downgraded Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.57.

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.