Tectonic Advisors LLC Grows Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tectonic Advisors LLC increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 64.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,817 shares of the company's stock after acquiring an additional 17,205 shares during the quarter. Tectonic Advisors LLC owned about 0.07% of Academy Sports and Outdoors worth $1,998,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its holdings in Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in 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. LGT Financial Advisors LLC grew its holdings in 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. Nisa Investment Advisors LLC grew its holdings in 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 grew its holdings in 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.

Insiders Place Their Bets

In other news, Director Christopher Lee Turner sold 4,400 shares of the 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 sale, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $58.00 price target (down previously from $60.00) on shares of Academy Sports and Outdoors in a research report on Tuesday, June 10th. Citigroup dropped their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Evercore ISI dropped their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. UBS Group dropped their price target 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. Finally, Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.31.

Academy Sports and Outdoors Trading Down 0.3%

ASO stock traded down $0.14 during midday trading on Friday, hitting $54.12. The company had a trading volume of 1,465,394 shares, compared to its average volume of 1,606,252. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.97 and a beta of 1.29. The stock's 50 day moving average price is $45.31 and its 200 day moving average price is $46.73.

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). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. As a group, equities research analysts expect 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. Investors of record on Thursday, June 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 0.96%. Academy Sports and Outdoors's payout ratio is 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.