63,897 Shares in Academy Sports and Outdoors, Inc. $ASO Purchased by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC acquired 63,897 shares of Academy Sports and Outdoors, valued at approximately $2.91 million, representing a 0.10% ownership stake.
• Academy Sports and Outdoors recently reported an earnings miss for the quarter with $0.76 EPS, falling short of the $0.89 consensus estimate.
• The company announced a quarterly dividend of $0.13, which equates to an annualized yield of 1.0% and will be paid on October 9th.

Bridgeway Capital Management LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 63,897 shares of the company's stock, valued at approximately $2,914,000. Bridgeway Capital Management LLC owned approximately 0.10% of Academy Sports and Outdoors at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP grew its position in Academy Sports and Outdoors by 101.5% in the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after buying an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Academy Sports and Outdoors during the first quarter worth about $64,000. Nisa Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after buying an additional 293 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Academy Sports and Outdoors by 280.0% during the first quarter. US Bancorp DE now owns 1,657 shares of the company's stock worth $76,000 after buying an additional 1,221 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded down $0.09 during trading hours on Thursday, hitting $47.99. 804,378 shares of the company were exchanged, compared to its average volume of 1,651,592. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $52.05 and a 200-day moving average of $46.29. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.99 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

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

Wall Street Analyst Weigh In

ASO has been the subject of a number of analyst reports. Truist Financial boosted their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. UBS Group reaffirmed a "neutral" rating and issued a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Bank of America reduced their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Finally, Citigroup cut Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.78.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction dated 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 transaction, the director owned 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is owned by corporate insiders.

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.