Benjamin Edwards Inc. Has $160,000 Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Benjamin Edwards Inc. grew its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,011 shares of the company’s stock after purchasing an additional 290 shares during the quarter. Benjamin Edwards Inc.’s holdings in Academy Sports and Outdoors were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Trust Investment Advisors lifted its position in shares of Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after buying an additional 266 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Academy Sports and Outdoors in the 2nd quarter valued at approximately $1,336,000. Argent Trust Co acquired a new stake in Academy Sports and Outdoors in the 2nd quarter worth approximately $426,000. Renaissance Technologies LLC bought a new stake in Academy Sports and Outdoors during the second quarter worth approximately $3,381,000. Finally, Dimensional Fund Advisors LP grew its holdings in Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after purchasing an additional 481,640 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $60.34 on Friday. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.23, a PEG 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 business has a fifty day simple moving average of $54.43 and a 200 day simple moving average of $57.22. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company posted $2.01 EPS. The business’s revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction 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 sale, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction dated 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 transaction, the director now directly owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now directly owns 8,906 shares in the company, valued at $552,172. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ASO has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on shares of 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. Truist Financial boosted their target price 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. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group cut 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 report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $76.00 to $53.00 in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.86.

About Academy Sports and Outdoors

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.