Great Valley Advisor Group Inc. Reduces Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Great Valley Advisor Group Inc. lessened its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,396 shares of the company’s stock after selling 1,277 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Academy Sports and Outdoors were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors in the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC grew its holdings in Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Academy Sports and Outdoors in the 3rd quarter valued at about $58,000. Finally, Nisa Investment Advisors LLC grew its holdings in Academy Sports and Outdoors by 53.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after buying an additional 421 shares during the period.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The trade was a 11.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $48.85 on Thursday. The stock’s 50 day moving average price is $53.24 and its 200 day moving average price is $53.73. The firm has a market capitalization of $3.43 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the company posted $2.01 EPS. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is 6.79%.

Analysts Set New Price Targets

Several analysts have commented on ASO shares. Jefferies Financial Group lowered their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Truist Financial lowered Academy Sports and Outdoors from a “buy” rating to a “hold” rating and reduced their price objective for the company from $63.00 to $50.00 in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and an average target price of $61.57.

About Academy Sports and Outdoors

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.