5,309 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. has acquired a new position in Academy Sports and Outdoors by purchasing 5,309 shares valued at approximately $242,000.
• Multiple institutional investors are increasing their stakes in Academy Sports and Outdoors, with GAMMA Investing LLC showing a significant 10,181.5% increase in shareholding during the first quarter.
• Analysts have set an average price target of $58.78 for Academy Sports and Outdoors, with ten analysts rating it as a Buy and nine as a Hold.

Aristeia Capital L.L.C. bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,309 shares of the company's stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ASO. BNP Paribas Financial Markets purchased a new stake in Academy Sports and Outdoors during the fourth quarter valued at approximately $6,314,000. Captrust Financial Advisors lifted its position in Academy Sports and Outdoors by 37.4% during the fourth quarter. Captrust Financial Advisors now owns 22,279 shares of the company's stock valued at $1,282,000 after acquiring an additional 6,059 shares during the last quarter. Deutsche Bank AG lifted its position in Academy Sports and Outdoors by 58.2% during the fourth quarter. Deutsche Bank AG now owns 66,332 shares of the company's stock valued at $3,816,000 after acquiring an additional 24,396 shares during the last quarter. Gotham Asset Management LLC lifted its position in Academy Sports and Outdoors by 1.9% during the fourth quarter. Gotham Asset Management LLC now owns 26,113 shares of the company's stock valued at $1,502,000 after acquiring an additional 481 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Academy Sports and Outdoors by 1.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,215 shares of the company's stock valued at $2,256,000 after acquiring an additional 558 shares during the last quarter.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the 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 of the company's stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.62% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company restated a "positive" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Citigroup lowered shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and cut their price target for the company from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Finally, Cowen restated a "hold" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.78.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded down $1.55 during midday trading on Friday, reaching $46.47. The company's stock had a trading volume of 1,873,696 shares, compared to its average volume of 1,640,473. The firm has a market capitalization of $3.10 billion, a PE ratio of 8.70, a P/E/G ratio of 0.94 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 has a fifty day moving average of $52.05 and a 200 day moving average of $46.19. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors Announces Dividend

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

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.