Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,293 shares of the company’s stock after buying an additional 806 shares during the period. Moody National Bank Trust Division’s holdings in Academy Sports and Outdoors were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ASO. Jones Financial Companies Lllp acquired a new stake in Academy Sports and Outdoors in the fourth quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at $35,000. Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter valued at $68,000. EverSource Wealth Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after buying an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $73,000.

Wall Street Analysts Forecast Growth

ASO has been the topic of several research reports. Robert W. Baird dropped their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Evercore ISI boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. TD Cowen cut their target price on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Telsey Advisory Group reissued an “outperform” rating and set a $75.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. Finally, Wedbush cut their target price on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.60.

Academy Sports and Outdoors Stock Down 0.7 %

Academy Sports and Outdoors stock traded down $0.35 during mid-day trading on Monday, hitting $48.79. 2,584,958 shares of the company’s stock were exchanged, compared to its average volume of 1,478,016. The stock has a market cap of $3.52 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.87 and a beta of 1.34. The stock has a 50 day moving average of $53.72 and a two-hundred day moving average of $60.20. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.35 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, June 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.19% of the stock is owned by company 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.