Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Ruffer LLP

Key Points

• Ruffer LLP increased its holdings in Academy Sports and Outdoors by 20%, acquiring an additional 12,749 shares, and now holds approximately 0.12% of the company worth $3,495,000.
• Recent research reports present mixed ratings, with eight analysts providing a "hold" rating and eight a "buy" rating, while the average target price is set at $57.06.
• Academy Sports and Outdoors reported earnings of $0.76 per share for the last quarter, below analyst expectations, alongside a revenue decrease of 0.9% year-over-year.

Ruffer LLP grew its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 20.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,637 shares of the company's stock after buying an additional 12,749 shares during the quarter. Ruffer LLP owned 0.12% of Academy Sports and Outdoors worth $3,495,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Your Advocates Ltd. LLP grew its stake in shares of Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in 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 acquiring an additional 362 shares during the period. LGT Financial Advisors LLC grew its position in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after purchasing an additional 293 shares during the period. Finally, US Bancorp DE lifted its position in shares of Academy Sports and Outdoors by 280.0% during the first quarter. US Bancorp DE now owns 1,657 shares of the company's stock worth $76,000 after purchasing an additional 1,221 shares during the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction 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 sale, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.62% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded down $0.57 on Friday, reaching $49.63. 815,786 shares of the company's stock traded hands, compared to its average volume of 1,657,180. The stock has a 50 day moving average price of $48.33 and a 200-day moving average price of $46.47. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.97 and a beta of 1.30. 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, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its 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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 EPS. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS 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 issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is 9.56%.

Analysts Set New Price Targets

ASO has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Telsey Advisory Group upped their price objective on Academy Sports and Outdoors from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Bank of America cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Monness Crespi & Hardt initiated coverage on shares of Academy Sports and Outdoors in a research report on Monday. They issued a "buy" rating and a $65.00 price objective for the company. Finally, Morgan Stanley dropped their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.53.

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.