Argent Trust Co acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 8,000 shares of the company’s stock, valued at approximately $426,000.
Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in Academy Sports and Outdoors during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Academy Sports and Outdoors in the first quarter valued at approximately $68,000. EverSource Wealth Advisors LLC grew its holdings in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after acquiring an additional 880 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in Academy Sports and Outdoors in the fourth quarter worth $73,000.
Academy Sports and Outdoors Stock Performance
Academy Sports and Outdoors stock opened at $61.83 on Friday. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month 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 stock’s 50-day moving average is $54.13 and its 200-day moving average is $57.29.
Academy Sports and Outdoors Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.
Insider Transactions at Academy Sports and Outdoors
In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were 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 directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the business’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 completion of the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.
Analyst Ratings Changes
ASO has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $63.00 in a report on Tuesday, June 11th. Evercore ISI boosted their price target 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 reaffirmed 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, UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $81.00 to $58.00 in a research report on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus price target of $62.86.
Check Out Our Latest Analysis on ASO
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.
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