Isthmus Partners LLC Purchases 10,519 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Isthmus Partners LLC lifted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 25.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,534 shares of the company's stock after acquiring an additional 10,519 shares during the period. Isthmus Partners LLC owned 0.08% of Academy Sports and Outdoors worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC raised its holdings 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 acquiring an additional 496 shares during the period. TD Private Client Wealth LLC boosted its holdings 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 worth $53,000 after buying an additional 362 shares during the period. LGT Financial Advisors LLC boosted its holdings 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 worth $63,000 after buying an additional 1,000 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of 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 worth $66,000 after buying an additional 293 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings 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 worth $93,000 after buying an additional 1,428 shares during the period.

Academy Sports and Outdoors Trading Up 1.4%

Academy Sports and Outdoors stock traded up $0.71 during mid-day trading on Wednesday, hitting $52.02. The stock had a trading volume of 1,515,394 shares, compared to its average volume of 1,606,284. The stock has a 50-day simple moving average of $45.03 and a two-hundred day simple moving average of $46.75. The stock has a market capitalization of $3.46 billion, a PE ratio of 9.56, a P/E/G ratio of 0.96 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.62. 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 (NASDAQ:ASO - Get Free Report) last released its 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). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $1.08 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASO. Evercore ISI decreased their price objective on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Oppenheimer reduced their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $58.00 price target (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday, June 10th. Finally, Robert W. Baird dropped their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and a consensus price target of $56.31.

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 dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director owned 7,084 shares of the company's stock, valued at $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

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.