Aviance Capital Partners LLC Boosts Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Aviance Capital Partners LLC increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,491 shares of the company's stock after acquiring an additional 22,234 shares during the period. Academy Sports and Outdoors makes up approximately 0.7% of Aviance Capital Partners LLC's investment portfolio, making the stock its 29th biggest position. Aviance Capital Partners LLC owned 0.18% of Academy Sports and Outdoors worth $5,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its position in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares during the period. LGT Financial Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 1,041.7% during the fourth 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 during the period. Smartleaf Asset Management LLC boosted its position in shares of Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after buying an additional 843 shares during the period. Sterling Capital Management LLC boosted its position in shares of Academy Sports and Outdoors by 724.9% during the fourth 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 during the period. Finally, Blue Trust Inc. boosted its position in shares of Academy Sports and Outdoors by 203.0% during the first quarter. Blue Trust Inc. now owns 2,121 shares of the company's stock valued at $97,000 after buying an additional 1,421 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ASO shares. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Truist Financial upped their target price on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. increased their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Wedbush decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, B. Riley dropped their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and an average target price of $56.31.

Insider Activity

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction that occurred 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 completion of the sale, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. The trade was a 38.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.62% of the stock is currently owned by insiders.

Academy Sports and Outdoors Stock Up 1.2%

Shares of ASO stock traded up $0.55 during trading hours on Monday, reaching $47.80. 1,239,723 shares of the company's stock were exchanged, compared to its average volume of 1,607,797. The stock's 50 day moving average is $43.04 and its 200-day moving average is $47.03. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.88 and a beta of 1.29. 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 fifty-two week low of $33.34 and a fifty-two week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.62% and a net margin of 6.55%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the business posted $1.08 EPS. The company's quarterly revenue was down .9% on a year-over-year basis. Analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 1.09%. Academy Sports and Outdoors's payout ratio is presently 9.56%.

Academy Sports and Outdoors 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.