Dupree Financial Group LLC Lowers Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Dupree Financial Group LLC lowered its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 0.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 60,331 shares of the company’s stock after selling 390 shares during the period. Academy Sports and Outdoors comprises about 1.4% of Dupree Financial Group LLC’s portfolio, making the stock its 26th largest holding. Dupree Financial Group LLC owned 0.08% of Academy Sports and Outdoors worth $3,521,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter valued at approximately $68,000. Hennessy Advisors Inc. increased its holdings in Academy Sports and Outdoors by 44.1% in the first quarter. Hennessy Advisors Inc. now owns 73,900 shares of the company’s stock valued at $4,991,000 after buying an additional 22,600 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of Academy Sports and Outdoors in the first quarter worth about $301,000. Aviance Capital Partners LLC boosted its stake in shares of Academy Sports and Outdoors by 4.5% during the 1st quarter. Aviance Capital Partners LLC now owns 51,647 shares of the company’s stock worth $3,488,000 after acquiring an additional 2,210 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Academy Sports and Outdoors by 74.9% during 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 acquiring an additional 294,215 shares during the period.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $54.21 on Wednesday. Academy Sports and Outdoors, Inc. has a one year low of $43.07 and a one year high of $75.73. The stock has a market cap of $3.91 billion, a PE ratio of 8.29, a P/E/G ratio of 1.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The stock has a 50 day moving average price of $56.03 and a 200 day moving average price of $55.33.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm earned $2.01 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASO. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Morgan Stanley reiterated an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors 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.