Thoroughbred Financial Services LLC Has $611,000 Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Thoroughbred Financial Services LLC raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,490 shares of the company’s stock after acquiring an additional 666 shares during the period. Thoroughbred Financial Services LLC’s holdings in Academy Sports and Outdoors were worth $611,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after buying an additional 250 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Academy Sports and Outdoors by 3.6% during the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock valued at $409,000 after purchasing an additional 269 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Academy Sports and Outdoors by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,410 shares of the company’s stock worth $1,875,000 after buying an additional 276 shares during the last quarter. Moody National Bank Trust Division raised its position in Academy Sports and Outdoors by 2.1% in the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock worth $911,000 after acquiring an additional 276 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in Academy Sports and Outdoors by 2.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock valued at $726,000 after acquiring an additional 296 shares during the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $59.47 on Tuesday. The company has a 50-day simple moving average of $53.73 and a two-hundred day simple moving average of $57.35. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.94 and a beta of 1.34. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. 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 previous year, the firm earned $2.01 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ASO shares. UBS Group lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. JPMorgan Chase & Co. cut Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Truist Financial boosted their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.