Intech Investment Management LLC Buys Shares of 20,001 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Intech Investment Management LLC purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,001 shares of the company’s stock, valued at approximately $1,167,000.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in Academy Sports and Outdoors during the 2nd quarter valued at $174,054,000. Dimensional Fund Advisors LP raised its position in shares of Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after buying an additional 481,640 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Academy Sports and Outdoors by 62.5% in the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock valued at $55,515,000 after buying an additional 365,929 shares during the period. Marshall Wace LLP acquired a new stake in Academy Sports and Outdoors during the second quarter worth about $10,224,000. Finally, The Manufacturers Life Insurance Company increased its stake in Academy Sports and Outdoors by 43.4% during the second quarter. The Manufacturers Life Insurance Company now owns 612,175 shares of the company’s stock valued at $32,598,000 after acquiring an additional 185,295 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $48.01 on Wednesday. The business has a fifty day moving average of $53.52 and a 200-day moving average of $53.77. The firm has a market cap of $3.38 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.90 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 twelve month low of $44.73 and a twelve month 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 for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The company 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 firm posted $2.01 earnings per share. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is 6.79%.

Insider Buying and Selling

In other Academy Sports and Outdoors 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 sale, the director now 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 SEC, which is accessible through this hyperlink. Corporate insiders own 2.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Jefferies Financial Group dropped their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $76.00 to $53.00 in a research report on Monday, August 5th. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.57.

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.