Sigma Planning Corp increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 87.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,394 shares of the company’s stock after purchasing an additional 3,450 shares during the quarter. Sigma Planning Corp’s holdings in Academy Sports and Outdoors were worth $483,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in Academy Sports and Outdoors in the first quarter valued at $33,000. CI Investments Inc. acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at $37,000. Captrust Financial Advisors lifted its stake in shares of Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after buying an additional 357 shares during the last quarter. Retirement Group LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $103,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $103,000.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Bank of America cut their target price on shares of Academy Sports and Outdoors from $85.00 to $75.00 in a research note on Wednesday, June 7th. B. Riley assumed coverage on shares of Academy Sports and Outdoors in a research note on Thursday, June 29th. They set a “buy” rating and a $63.00 target price for the company. Morgan Stanley cut their target price on shares of Academy Sports and Outdoors from $70.00 to $55.00 in a research note on Wednesday, June 7th. JPMorgan Chase & Co. cut their target price on shares of Academy Sports and Outdoors from $70.00 to $61.00 in a research note on Monday, June 5th. Finally, Gordon Haskett assumed coverage on shares of Academy Sports and Outdoors in a research report on Friday, April 28th. They set an “accumulate” rating and a $73.00 price target on the stock. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus price target of $70.16.
Academy Sports and Outdoors Trading Down 0.4 %
Shares of Academy Sports and Outdoors stock opened at $55.19 on Friday. The firm has a market capitalization of $4.22 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a current ratio of 1.65, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $54.18 and its 200 day moving average is $69.61. Academy Sports and Outdoors, Inc. has a 1 year low of $40.67 and a 1 year high of $69.02.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its earnings results on Tuesday, June 6th. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). Academy Sports and Outdoors had a return on equity of 36.40% and a net margin of 9.07%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.76 earnings per share for the current fiscal year.
Academy Sports and Outdoors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, June 15th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.36 annualized dividend and a yield of 0.65%. Academy Sports and Outdoors’s dividend payout ratio is presently 5.14%.
Insider Buying and Selling
In related news, Director Jeffrey C. Tweedy sold 1,065 shares of Academy Sports and Outdoors stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $49.23, for a total transaction of $52,429.95. Following the sale, the director now directly owns 12,200 shares in the company, valued at approximately $600,606. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Michael P. Mullican sold 65,794 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $50.34, for a total value of $3,312,069.96. Following the transaction, the president now owns 109,304 shares in the company, valued at approximately $5,502,363.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey C. Tweedy sold 1,065 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $49.23, for a total transaction of $52,429.95. Following the completion of the transaction, the director now owns 12,200 shares in the company, valued at approximately $600,606. The disclosure for this sale can be found here. Insiders have sold a total of 126,859 shares of company stock worth $6,410,100 in the last ninety days. Company insiders own 3.56% of the company’s stock.
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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.
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