Madison Asset Management LLC Buys New Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Madison Asset Management LLC purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,500 shares of the company's stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASO. Raymond James Financial Inc. purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at approximately $2,342,000. Commonwealth Equity Services LLC boosted its stake in shares of Academy Sports and Outdoors by 25.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,887 shares of the company's stock valued at $626,000 after buying an additional 2,236 shares during the last quarter. Xponance Inc. boosted its stake in shares of Academy Sports and Outdoors by 5.7% during the 4th quarter. Xponance Inc. now owns 4,916 shares of the company's stock valued at $283,000 after buying an additional 266 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Academy Sports and Outdoors by 30.0% during the 4th quarter. Teacher Retirement System of Texas now owns 34,787 shares of the company's stock valued at $2,001,000 after buying an additional 8,035 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Academy Sports and Outdoors by 18.7% during the 4th quarter. Sei Investments Co. now owns 250,087 shares of the company's stock valued at $14,388,000 after buying an additional 39,483 shares during the last quarter.

Insider Activity at Academy Sports and Outdoors

In related 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group reduced 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 note on Wednesday, June 4th. Telsey Advisory Group upped their price target on Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday. Citigroup dropped their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. Morgan Stanley dropped their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Finally, Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a research report on Monday, July 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $57.06.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded up $0.31 during trading hours on Monday, hitting $55.79. The company had a trading volume of 400,239 shares, compared to its average volume of 1,674,468. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.61. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $46.57 and a 200-day simple moving average of $46.48. The firm has a market cap of $3.71 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the business posted $1.08 earnings per share. Equities analysts predict 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 was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 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.