Cwm LLC Purchases 196 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cwm LLC lifted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,480 shares of the company’s stock after buying an additional 196 shares during the period. Cwm LLC’s holdings in Academy Sports and Outdoors were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ASO. Pacer Advisors Inc. acquired a new position in Academy Sports and Outdoors in the second quarter worth about $174,054,000. Dimensional Fund Advisors LP raised its position in Academy Sports and Outdoors by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after purchasing an additional 481,640 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Academy Sports and Outdoors by 169.0% in the first quarter. Lord Abbett & CO. LLC now owns 510,727 shares of the company’s stock worth $34,494,000 after purchasing an additional 320,835 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Academy Sports and Outdoors by 74.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 687,135 shares of the company’s stock worth $46,410,000 after purchasing an additional 294,215 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Academy Sports and Outdoors in the second quarter worth about $10,224,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Loop Capital reissued a “buy” rating and issued 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 shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Truist Financial raised 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 report on Wednesday, September 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors 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 transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Price Performance

ASO opened at $54.21 on Wednesday. Academy Sports and Outdoors, Inc. has a one year low of $43.07 and a one year 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 company’s 50 day simple moving average is $56.03 and its 200-day simple moving average is $55.33. The stock has a market capitalization of $3.91 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm earned $2.01 earnings per share. Academy Sports and Outdoors’s revenue was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a $0.11 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. Academy Sports and Outdoors’s payout ratio is presently 6.73%.

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.