King Luther Capital Management Corp Raises Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

King Luther Capital Management Corp increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,613,209 shares of the company’s stock after buying an additional 29,912 shares during the period. King Luther Capital Management Corp owned about 2.24% of Academy Sports and Outdoors worth $85,903,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ASO. Jones Financial Companies Lllp purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Academy Sports and Outdoors in the first quarter worth $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of Academy Sports and Outdoors in the first quarter valued at $68,000. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 880 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth $73,000.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ASO. Robert W. Baird lowered their price objective on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Loop Capital reissued a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred 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 in the company, valued at $552,172. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction dated 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 owns 10,106 shares in the company, valued at approximately $548,250.50. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $61.83 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $54.13 and its two-hundred day simple moving average is $57.29. The firm has a market capitalization of $4.46 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.94 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $2.01 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.71%. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

Academy Sports and Outdoors 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.