Seven Eight Capital LP Invests $1.34 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Seven Eight Capital LP acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,090 shares of the company’s stock, valued at approximately $1,336,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $35,000. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors during the 1st quarter valued at approximately $68,000. EverSource Wealth Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after buying an additional 880 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $73,000.

Analysts Set New Price Targets

Several research firms recently issued reports on ASO. Loop Capital reissued a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group reduced their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Evercore ISI upped their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Robert W. Baird reduced 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 research report on Wednesday, June 12th. Finally, UBS Group downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.86.

Academy Sports and Outdoors Stock Down 1.5 %

ASO stock opened at $61.83 on Friday. The firm’s fifty day moving average is $54.13 and its 200 day moving average is $57.29. The firm has a market cap of $4.46 billion, a PE ratio of 9.45, a P/E/G ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73. 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 quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.07. The firm 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%. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 EPS. On average, research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.71%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Insider Activity at Academy Sports and Outdoors

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 shares were 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 directly owns 8,906 shares in the company, valued at $552,172. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey C. Tweedy sold 625 shares of the firm’s 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 completion of the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The disclosure for this sale can be found here. 2.19% of the stock is owned by corporate insiders.

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.