7,688 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Purchased 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. acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,688 shares of the company's stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Your Advocates Ltd. LLP lifted its position in shares of Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares in the last quarter. LGT Financial Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after buying an additional 362 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock valued at $66,000 after buying an additional 293 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after buying an additional 1,428 shares in the last quarter.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Truist Financial raised their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research report on Wednesday, June 11th. UBS Group cut their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, June 4th. Bank of America cut 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. Finally, Citigroup cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.53.

Insider Buying and Selling at Academy Sports and Outdoors

In other 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 transaction, the director owned 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock traded down $0.57 during trading hours on Friday, hitting $49.63. The stock had a trading volume of 816,061 shares, compared to its average volume of 1,398,886. The firm has a market capitalization of $3.30 billion, a PE ratio of 9.12, a PEG ratio of 0.93 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.61. The stock's 50 day moving average is $48.50 and its 200 day moving average is $46.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29.

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 return on equity of 19.62% and a net margin of 6.55%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last 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. As a group, research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were given a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.56%.

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.