Dimensional Fund Advisors LP Boosts Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Dimensional Fund Advisors LP boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 19.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,969,886 shares of the company’s stock after acquiring an additional 481,640 shares during the period. Dimensional Fund Advisors LP owned 4.12% of Academy Sports and Outdoors worth $158,147,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake 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 valued at $548,000 after acquiring an additional 250 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in 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 during the last quarter. Janney Montgomery Scott LLC lifted its position 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 valued at $1,875,000 after purchasing an additional 276 shares during the last quarter. Moody National Bank Trust Division lifted its position in Academy Sports and Outdoors by 2.1% during the first quarter. Moody National Bank Trust Division now owns 13,487 shares of the company’s stock valued at $911,000 after purchasing an additional 276 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Academy Sports and Outdoors by 2.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock valued at $726,000 after purchasing an additional 296 shares during the last quarter.

Academy Sports and Outdoors Trading Down 2.4 %

Shares of ASO opened at $60.34 on Friday. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The company has a 50-day moving average of $54.43 and a 200 day moving average of $57.22. 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. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share 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 analyst estimates of $1.57 billion. During the same quarter last year, the business posted $2.01 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business 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 yield of 0.73%. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Activity at Academy Sports and Outdoors

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ASO shares. Bank of America lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.00 to $63.00 in a research report on Tuesday, June 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of 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 report on Monday, August 5th. Morgan Stanley reiterated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.