SummerHaven Investment Management LLC Buys 376 Shares of Academy Sports and Outdoors, Inc. $ASO

SummerHaven Investment Management LLC grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,250 shares of the company’s stock after purchasing an additional 376 shares during the period. SummerHaven Investment Management LLC’s holdings in Academy Sports and Outdoors were worth $683,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its position in Academy Sports and Outdoors by 7.3% in the 1st quarter. CWM LLC now owns 3,888 shares of the company’s stock worth $177,000 after buying an additional 266 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Academy Sports and Outdoors by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock worth $299,000 after acquiring an additional 283 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 25.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after purchasing an additional 293 shares in the last quarter. Trust Investment Advisors grew its holdings in shares of Academy Sports and Outdoors by 1.9% during the 1st quarter. Trust Investment Advisors now owns 15,466 shares of the company’s stock valued at $705,000 after purchasing an additional 294 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after purchasing an additional 362 shares during the period.

Analyst Ratings Changes

ASO has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 11th. Bank of America lowered their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, June 11th. Citigroup lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

Academy Sports and Outdoors Stock Up 1.8%

NASDAQ ASO opened at $50.71 on Tuesday. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $61.25. The stock has a market capitalization of $3.38 billion, a PE ratio of 9.50, a PEG ratio of 1.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. The business’s 50-day moving average is $51.24 and its 200 day moving average is $46.21.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. Academy Sports and Outdoors’s payout ratio is 9.74%.

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.