Westwood Holdings Group Inc. Has $70.92 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Westwood Holdings Group Inc. boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,331,744 shares of the company’s stock after purchasing an additional 90,651 shares during the quarter. Westwood Holdings Group Inc. owned about 1.85% of Academy Sports and Outdoors worth $70,915,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ASO. Jones Financial Companies Lllp bought a new stake in Academy Sports and Outdoors in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at $35,000. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors during the first quarter worth about $68,000. EverSource Wealth Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after purchasing an additional 880 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter worth $73,000.

Analyst Ratings Changes

ASO has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on 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. Truist Financial increased their price objective on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. UBS Group downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the company from $81.00 to $58.00 in a research note on Wednesday, June 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Finally, Wedbush reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and an average price target of $62.86.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $60.34 on Friday. The stock has a fifty day moving average of $54.43 and a 200-day moving average of $57.22. The stock has a market cap of $4.35 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.94 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, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73.

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 for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.01 earnings per share. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current 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 issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Activity at Academy Sports and Outdoors

In other 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 sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares in the company, valued at $552,172. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The disclosure for this sale can be found here. 2.19% of the stock is owned by 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.