Hodges Capital Management Inc. Has $10.78 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Hodges Capital Management Inc. raised its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 21.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,448 shares of the company’s stock after buying an additional 35,377 shares during the period. Hodges Capital Management Inc. owned 0.28% of Academy Sports and Outdoors worth $10,780,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ASO. Norges Bank acquired a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at $47,768,000. Point72 Asset Management L.P. grew its stake in shares of Academy Sports and Outdoors by 36.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after purchasing an additional 559,414 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Academy Sports and Outdoors by 953.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock valued at $26,629,000 after buying an additional 365,168 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Academy Sports and Outdoors by 169.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 510,727 shares of the company’s stock valued at $34,494,000 after buying an additional 320,835 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Academy Sports and Outdoors by 74.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 687,135 shares of the company’s stock valued at $46,410,000 after buying an additional 294,215 shares during the period.

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Stock Down 2.9 %

Shares of ASO stock traded down $1.61 on Wednesday, hitting $53.15. 117,082 shares of the stock were exchanged, compared to its average volume of 1,434,802. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.83 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The business has a 50-day moving average of $53.12 and a 200 day moving average of $58.35.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.19 EPS. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.25 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.83%. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASO. Morgan Stanley decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 12th. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their target price for the company from $81.00 to $58.00 in a research note on Wednesday, June 12th. TD Cowen cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and lowered their price target for the stock from $58.00 to $54.00 in a research report on Tuesday, August 13th. Telsey Advisory Group restated an “outperform” rating and issued a $75.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, June 11th. Finally, Evercore ISI lifted their target price on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus target price of $65.64.

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.