Madison Asset Management LLC Buys Shares of 4,500 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Madison Asset Management LLC acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,500 shares of the company's stock, valued at approximately $205,000.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Academy Sports and Outdoors in the fourth quarter worth approximately $2,342,000. Commonwealth Equity Services LLC raised its stake in shares of Academy Sports and Outdoors by 25.8% in the fourth 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 period. Xponance Inc. raised its stake in shares of Academy Sports and Outdoors by 5.7% in the fourth 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 period. Teacher Retirement System of Texas raised 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 purchasing an additional 8,035 shares during the period. Finally, Sei Investments Co. raised 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 purchasing an additional 39,483 shares during the period.

Academy Sports and Outdoors Trading Down 0.4%

ASO traded down $0.22 during midday trading on Friday, reaching $55.48. 1,071,961 shares of the company's stock traded hands, compared to its average volume of 1,407,288. The firm has a fifty day moving average of $46.57 and a two-hundred day moving average of $46.66. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm's revenue was down .9% on a year-over-year basis. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

Analyst Ratings Changes

Several research firms recently commented on ASO. Evercore ISI reduced their target price on 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. Truist Financial upped their price objective 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. UBS Group cut their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, June 4th. Citigroup cut their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Finally, Morgan Stanley cut their price objective on 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and an average price target of $57.06.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the sale, the director owned 7,084 shares in the company, valued at $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.62% of the company's stock.

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.