Verity Asset Management Inc. Has $1.51 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Verity Asset Management Inc. decreased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,903 shares of the company’s stock after selling 483 shares during the quarter. Verity Asset Management Inc.’s holdings in Academy Sports and Outdoors were worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASO. Harbor Capital Advisors Inc. bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in Academy Sports and Outdoors in the first quarter valued at approximately $35,000. V Square Quantitative Management LLC bought a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $58,000.

Analysts Set New Price Targets

A number of equities analysts have commented on ASO shares. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Jefferies Financial Group decreased their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Telsey Advisory Group restated 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. Loop Capital restated a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Wells Fargo & Company increased their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Academy Sports and Outdoors Price Performance

ASO stock opened at $52.02 on Friday. The company’s 50-day moving average price is $55.56 and its two-hundred day moving average price is $54.75. Academy Sports and Outdoors, Inc. has a 12 month low of $44.21 and a 12 month high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.66 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.01 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.96 by $0.07. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate 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 revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.01 earnings per share. On average, analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.02 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, October 17th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.79%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s 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 in the company, valued at approximately $552,172. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

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.