7,688 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. has acquired a new position in Academy Sports and Outdoors, Inc., purchasing 7,688 shares valued at approximately $351,000 during the first quarter.
• Wall Street analysts have mixed views on Academy Sports and Outdoors, with price targets ranging from $52.00 to $65.00, reflecting a consensus rating of "Moderate Buy".
• Academy Sports and Outdoors reported a net revenue decrease of 0.9% year-over-year, alongside an earnings per share miss of $0.76 compared to the consensus estimate of $0.89.

Jefferies Financial Group Inc. bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,688 shares of the company's stock, valued at approximately $351,000.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Academy Sports and Outdoors by 1.3% in 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. Fund 1 Investments LLC bought a new position in Academy Sports and Outdoors in the 4th quarter worth about $4,929,000. Wells Fargo & Company MN boosted its stake in Academy Sports and Outdoors by 11.4% in the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock worth $12,466,000 after purchasing an additional 22,146 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Academy Sports and Outdoors by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock worth $299,000 after purchasing an additional 283 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Academy Sports and Outdoors in the 4th quarter worth about $2,342,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ASO shares. Wells Fargo & Company upped their price target on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Truist Financial boosted their price target on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Bank of America decreased their price target 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. Morgan Stanley lowered their target price on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 11th. Finally, Loop Capital set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.53.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO traded up $2.55 during midday trading on Tuesday, hitting $52.54. 220,063 shares of the company's stock traded hands, compared to its average volume of 1,646,724. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.93 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The firm has a fifty day moving average of $48.70 and a 200 day moving average of $46.26.

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). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the company earned $1.08 EPS. Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is currently 9.56%.

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.