Bwcp LP Sells 23,153 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bwcp LP trimmed its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 417,436 shares of the company’s stock after selling 23,153 shares during the quarter. Academy Sports and Outdoors comprises 5.6% of Bwcp LP’s investment portfolio, making the stock its 8th biggest holding. Bwcp LP owned 0.58% of Academy Sports and Outdoors worth $22,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Verition Fund Management LLC increased its stake 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 acquiring an additional 194,373 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Academy Sports and Outdoors by 20.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after buying an additional 172,783 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at approximately $1,021,000. Point72 Asset Management L.P. boosted its stake in shares of Academy Sports and Outdoors by 36.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after buying an additional 559,414 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in 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 acquiring an additional 16,970 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Morgan Stanley reissued 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. Evercore ISI increased their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Bank of America lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and a consensus price target of $62.86.

Academy Sports and Outdoors Trading Up 0.6 %

Academy Sports and Outdoors stock opened at $61.20 on Wednesday. The stock has a market cap of $4.41 billion, a PE ratio of 9.36, a P/E/G 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. The stock has a 50-day moving average price of $54.66 and a 200 day moving average price of $56.86. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week 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 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 business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $2.01 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 10,106 shares in the company, valued at approximately $548,250.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares in the company, valued at $552,172. The disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

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.