Truist Financial Corp Has $399,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Truist Financial Corp raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 45.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,495 shares of the company’s stock after acquiring an additional 2,342 shares during the quarter. Truist Financial Corp’s holdings in Academy Sports and Outdoors were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after purchasing an additional 250 shares during the period. Trust Investment Advisors raised its position in shares of Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock valued at $800,000 after purchasing an additional 266 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Academy Sports and Outdoors by 3.6% in 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 period. Benjamin Edwards Inc. raised its position in shares of Academy Sports and Outdoors by 10.7% in the second quarter. Benjamin Edwards Inc. now owns 3,011 shares of the company’s stock valued at $160,000 after purchasing an additional 290 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Academy Sports and Outdoors by 2.8% in 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 period.

Academy Sports and Outdoors Trading Down 0.7 %

ASO opened at $55.38 on Friday. The company’s 50 day moving average is $55.80 and its 200-day moving average is $55.57. Academy Sports and Outdoors, Inc. has a 1-year low of $43.07 and a 1-year high of $75.73. 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 company has a market cap of $3.99 billion, a P/E ratio of 8.47, a PEG ratio of 1.04 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company posted $2.01 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.79%. Academy Sports and Outdoors’s payout ratio is currently 6.73%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors 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 sale, the director now directly owns 8,906 shares in the company, valued at $552,172. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on ASO shares. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Finally, Wells Fargo & Company raised their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

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.