Villanova Investment Management Co LLC Makes New $1.20 Million Investment in 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 stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,240 shares of the company's stock, valued at approximately $1,197,000. Academy Sports and Outdoors makes up approximately 3.4% of Villanova Investment Management Co LLC's holdings, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Academy Sports and Outdoors by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 345,718 shares of the company's stock worth $15,768,000 after purchasing an additional 4,279 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Academy Sports and Outdoors by 4.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock valued at $299,000 after purchasing an additional 283 shares during the period. GAMMA Investing LLC grew its holdings in Academy Sports and Outdoors by 10,181.5% during the first quarter. GAMMA Investing LLC now owns 127,799 shares of the company's stock valued at $5,829,000 after purchasing an additional 126,556 shares during the period. Jefferies Financial Group Inc. bought a new position in Academy Sports and Outdoors during the first quarter valued at $351,000. Finally, Bessemer Group Inc. grew its holdings in Academy Sports and Outdoors by 4.4% during the first quarter. Bessemer Group Inc. now owns 325,721 shares of the company's stock valued at $14,856,000 after purchasing an additional 13,761 shares during the period.

Academy Sports and Outdoors Stock Down 0.2%

Shares of ASO stock traded down $0.09 during trading hours on Tuesday, hitting $46.38. 388,974 shares of the company's stock traded hands, compared to its average volume of 1,649,847. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.94 and a beta of 1.30. 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's fifty day simple moving average is $52.02 and its two-hundred day simple moving average is $46.17. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.61.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be given 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 9.74%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction that occurred on Thursday, June 26th. The shares were 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. The trade was a 38.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.62% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ASO shares. Morgan Stanley reduced their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. UBS Group restated a "neutral" rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Wells Fargo & Company restated a "positive" rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Evercore ISI increased their target price on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 26th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, September 2nd. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.78.

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.