Dupree Financial Group LLC Takes $2.77 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Dupree Financial Group LLC bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 60,744 shares of the company's stock, valued at approximately $2,771,000. Dupree Financial Group LLC owned approximately 0.09% of Academy Sports and Outdoors at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AlphaQuest LLC increased its position in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after purchasing an additional 496 shares during the last quarter. TD Private Client Wealth LLC grew 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 during the last quarter. LGT Financial Advisors LLC grew 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 during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Academy Sports and Outdoors by 242.9% during the 4th 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 last quarter. Finally, Sterling Capital Management LLC grew 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 during the last quarter.

Insider Buying and Selling

In related news, Director Christopher Lee Turner sold 4,400 shares of the 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 of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $58.00 price objective (down previously from $60.00) on shares of Academy Sports and Outdoors in a research report on Tuesday, June 10th. UBS Group lowered their price objective on shares of 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. Oppenheimer lowered their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, Evercore ISI decreased their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and a consensus price target of $56.31.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO traded up $1.69 during trading on Thursday, reaching $51.88. The company had a trading volume of 1,852,834 shares, compared to its average volume of 1,609,128. The firm's fifty day moving average is $43.71 and its 200 day moving average is $47.01. The firm has a market capitalization of $3.45 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.91 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52.

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 analysts' consensus estimates of $0.89 by ($0.13). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. On average, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's dividend 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.