Bradley Foster & Sargent Inc. CT Has $2.25 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bradley Foster & Sargent Inc. CT trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,324 shares of the company’s stock after selling 610 shares during the quarter. Bradley Foster & Sargent Inc. CT owned approximately 0.06% of Academy Sports and Outdoors worth $2,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Verition Fund Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 1,014.0% during the fourth quarter. Verition Fund Management LLC now owns 213,542 shares of the company’s stock worth $14,094,000 after purchasing an additional 194,373 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Academy Sports and Outdoors by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after purchasing an additional 172,783 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth approximately $1,021,000. Point72 Asset Management L.P. boosted its holdings in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after purchasing an additional 559,414 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Academy Sports and Outdoors by 75.0% during the first quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock worth $2,674,000 after purchasing an additional 16,970 shares during the period.

Academy Sports and Outdoors Trading Up 2.8 %

Shares of ASO stock opened at $62.75 on Thursday. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73. The firm’s fifty day simple moving average is $54.13 and its 200 day simple moving average is $57.29. The firm has a market capitalization of $4.53 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. 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 earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. Academy Sports and Outdoors’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts predict 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. Shareholders of record on Thursday, September 19th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

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 business’s stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. Insiders own 2.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ASO. Jefferies Financial Group cut their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their price objective for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Truist Financial raised their price objective 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. Evercore ISI raised their price objective on shares of 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. Finally, JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.86.

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.