Aigen Investment Management LP Buys New Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Key Points

• Aigen Investment Management LP invested $591,000 in Academy Sports and Outdoors, Inc. by acquiring 12,964 shares in the first quarter.
• Academy Sports' latest earnings report revealed a quarterly EPS of $0.76, which was below the expected $0.89, with revenue slightly down from the previous year.
• The company announced a quarterly dividend of $0.13, translating to an annualized dividend of $0.52 and a yield of 1.0%.

Aigen Investment Management LP purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,964 shares of the company's stock, valued at approximately $591,000.

A number of other large investors also recently modified their holdings of ASO. Principal Financial Group Inc. raised its holdings in shares of 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 valued at $15,768,000 after buying an additional 4,279 shares during the period. Fund 1 Investments LLC purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $4,929,000. Wells Fargo & Company MN raised its holdings in shares of Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock valued at $12,466,000 after buying an additional 22,146 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Academy Sports and Outdoors by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock valued at $299,000 after buying an additional 283 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $2,342,000.

Insider Activity 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 shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director directly 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 Securities & Exchange Commission, which is available at this hyperlink. 3.62% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ASO shares. Citigroup dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research report on Monday, July 21st. UBS Group decreased their target price 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. Wells Fargo & Company lifted their target price on Academy Sports and Outdoors from $43.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Bank of America decreased their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.24.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded down $0.79 during trading hours on Friday, hitting $54.02. The stock had a trading volume of 837,422 shares, compared to its average volume of 1,368,550. The company has a 50 day simple moving average of $49.58 and a two-hundred day simple moving average of $46.35. 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, Inc. has a one year low of $33.34 and a one year high of $64.61. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.03 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. Academy Sports and Outdoors's revenue was down .9% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 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.