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Royce & Associates LP Purchases 124,100 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Royce & Associates LP acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 124,100 shares of the company, valued at approximately $5,235,000. Royce & Associates LP owned 0.16% of Academy Sports and Outdoors as of its most recent filing with the SEC.

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Several other hedge funds and other institutional investors have also recently added or reduced their holdings in ASO. Captrust Financial Advisors improved its position in Academy Sports and Outdoors shares by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company valued at $40,000 after purchasing an additional 357 shares during the last quarter. First Dallas Securities Inc. increased its stake in Academy Sports and Outdoors shares by 5.4% during the second quarter. First Dallas Securities Inc. now owns 7,850 shares of the company worth $279,000 after acquiring an additional 400 shares last quarter. CIBC Private Wealth Group LLC increased its stake in Academy Sports and Outdoors shares by 2.5% during the second quarter. CIBC Private Wealth Group LLC now owns 16,116 shares of the company valued at $573,000 after acquiring an additional 400 shares in the last quarter. Simmons Bank raised its position in shares of Academy Sports and Outdoors by 2.4% in the third quarter. Simmons Bank now owns 17,712 shares of the company valued at $747,000 after purchasing an additional 417 shares during the last quarter. Finally, CWM LLC increased its stake in Academy Sports and Outdoors by 135.1% in the third quarter. CWM LLC now owns 757 shares of the company worth $32,000 after purchasing an additional 435 shares in the last quarter. 94.63% of the shares are owned by hedge funds and other institutional investors.

Analyst promotions and demotions

Several brokerage firms have recently weighed in on ASO. Loop Capital increased its price target on Academy Sports and Outdoors from $60.00 to $65.00 in a report on Wednesday, December 14. Goldman Sachs Group increased its price target on shares of Academy Sports and Outdoors to $65.00 from $53.00 and gave the shares a “buy” rating in a Monday, December 12, report. Stephens raised his price target on Academy Sports and Outdoors shares to $80.00 from $76.00 and gave the company an “overweight” rating in a research note on Thursday, December 8. UBS Group raised its price target on shares of Academy Sports and Outdoors from $60.00 to $76.00 and gave the shares a “buy” rating in a Thursday, December 8, report. Finally, Guggenheim increased his price target on Academy Sports and Outdoors to $63.00 in a report on Monday, December 12. One analyst has given the shares a hold rating and nine have given the company’s stock a buy rating. According to MarketBeat.com, the stock currently has an average “Moderate Buy” rating and an average price target of $64.36.

internal activity

In other news, Senior Vice President Manish Maini sold 600 shares of the company in a transaction on Tuesday, December 13. The shares sold at an average price of $57.85, for a total transaction of $34,710.00. Following the sale, the senior vice president now owns 147,639 shares of the company, valued at $8,540,916.15. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Academy Sports and Outdoors news, Senior Vice President Manish Maini sold 600 shares of the company in a transaction that occurred on Tuesday, December 13. The shares were sold at an average price of $57.85, for a total transaction of $34,710.00. After completing the transaction, the senior vice president now owns 147,639 shares in the company, valued at approximately $8,540,916.15. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. In addition, Chief Financial Officer Michael P. Mullican sold 81,008 shares of the company in a transaction on Thursday, December 8. The shares sold at an average price of $55.45, for a total transaction of $4,491,893.60. Following the completion of the sale, the CFO now owns 105,582 shares of the company, valued at $5,854,521.90. The disclosure of this sale can be found here. During the last ninety days, the informants sold 138,394 shares of the company valued at $7,621,857. 3.51% of the shares are currently owned by corporate insiders.

Academy Sports and Outdoor Trading rose 1.4%

Shares of Academy Sports and Outdoors opened at $54.89 on Tuesday. The firm has a current ratio of 1.57, a quick ratio of 0.32, and a debt-to-equity ratio of 0.44. Academy Sports and Outdoors, Inc. has a twelve month minimum of $25.10 and a twelve month maximum of $57.85. The company has a market capitalization of $4.29 billion, a PE ratio of 7.73, a P/E/E ratio of 0.69, and a beta of 1.14. The company’s 50-day moving average price is $51.98 and its 200-day moving average price is $46.87.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings data on Wednesday, December 7. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. Academy Sports and Outdoors earned a return on equity of 41.27% and a net margin of 9.48%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, sell-side analysts predict Academy Sports and Outdoors, Inc. will post 7.39 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividends

The company also recently announced a quarterly dividend, which was paid on Friday, January 13. Shareholders of record on Tuesday, December 20 received a dividend of $0.075. The ex-dividend date of this dividend was Monday, December 19. This represents a dividend of $0.30 on an annualized basis and a yield of 0.55%. The Academy Sports and Outdoors payout rate is currently 4.23%.

Company Profile Academy Sports and Outdoors

(Get rating)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreational products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags; marine equipment and fishing rods, reels, baits and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, boots, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories and nutrition supplies; and patio furniture, outdoor kitchen, wheeled items, trampolines, games, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.

See also

Want to see what other hedge funds have ASO? Visit HoldingsChannel.com for the latest Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rated) 13F filings and inside operations.

Institutional Ownership by Quarter of Academy Sports and Outdoors (NASDAQ:ASO)

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