Villanova Investment Management Co LLC Buys Shares of 26,240 Academy Sports and Outdoors, Inc. $ASO

Key Points

• Villanova Investment Management Co LLC acquired 26,240 shares of Academy Sports and Outdoors, Inc. valued at approximately $1,197,000, making it the firm's fifth biggest holding.
• Academy Sports and Outdoors reported $0.76 EPS in its latest quarterly earnings, which was below analysts' estimates of $0.89, alongside a revenue of $1.35 billion.
• The company has declared a quarterly dividend of $0.13 per share, which will be distributed on October 9th, representing an annualized yield of 1.1%.

Villanova Investment Management Co LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,240 shares of the company's stock, valued at approximately $1,197,000. Academy Sports and Outdoors accounts for about 3.4% of Villanova Investment Management Co LLC's holdings, making the stock its 5th largest holding.

A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Academy Sports and Outdoors by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company's stock worth $175,438,000 after buying an additional 147,395 shares during the period. LSV Asset Management increased its stake in shares of Academy Sports and Outdoors by 12.5% during the first quarter. LSV Asset Management now owns 2,182,341 shares of the company's stock worth $99,537,000 after buying an additional 242,300 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Academy Sports and Outdoors by 36.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock worth $90,901,000 after buying an additional 528,367 shares during the period. American Century Companies Inc. increased its stake in shares of Academy Sports and Outdoors by 33.7% during the first quarter. American Century Companies Inc. now owns 1,675,428 shares of the company's stock worth $76,416,000 after buying an additional 422,729 shares during the period. Finally, Royce & Associates LP increased its stake in Academy Sports and Outdoors by 8.4% in the first quarter. Royce & Associates LP now owns 1,273,158 shares of the company's stock valued at $58,069,000 after purchasing an additional 98,582 shares during the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO traded down $1.55 during mid-day trading on Friday, hitting $46.47. 1,873,696 shares of the company were exchanged, compared to its average volume of 1,588,657. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $52.05 and a 200-day simple moving average of $46.21. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.61. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.1%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.74%.

Analysts Set New Price Targets

Several brokerages have commented on ASO. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a "buy" rating and a $65.00 price target on the stock. Bank of America dropped their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. JPMorgan Chase & Co. increased their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. UBS Group reiterated a "neutral" rating and issued a $52.00 price target on shares of Academy Sports and Outdoors in a research note on Sunday, August 31st. Finally, Cowen reissued a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.78.

Academy Sports and Outdoors 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.