Algert Global LLC Purchases Shares of 47,663 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Algert Global LLC acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 47,663 shares of the company’s stock, valued at approximately $2,538,000. Algert Global LLC owned approximately 0.07% of Academy Sports and Outdoors at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ASO. Jones Financial Companies Lllp bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $26,000. Headlands Technologies LLC bought a new position in Academy Sports and Outdoors during the first quarter worth about $35,000. Future Financial Wealth Managment LLC acquired a new position in Academy Sports and Outdoors in the first quarter valued at about $68,000. Kapitalo Investimentos Ltda bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth about $73,000. Finally, Your Advocates Ltd. LLP raised its position in shares of Academy Sports and Outdoors by 117.3% during the second quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock worth $91,000 after purchasing an additional 921 shares during the period.

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction 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 completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s 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 completion of the sale, 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 is available at this hyperlink. Also, Director Jeffrey C. Tweedy sold 625 shares of the business’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 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 disclosure for this sale can be found here. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Trading Down 3.5 %

Shares of Academy Sports and Outdoors stock opened at $56.30 on Wednesday. The stock has a market cap of $4.06 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.16 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, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73. The business’s 50 day moving average is $54.98 and its 200-day moving average is $56.48.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.01 earnings per share. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.03 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. Shareholders of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.78%. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

Wall Street Analysts Forecast Growth

ASO has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. JPMorgan Chase & Co. cut 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. TD Cowen increased their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.