Tectonic Advisors LLC Purchases 1,185 Shares of Academy Sports and Outdoors, Inc. $ASO

Tectonic Advisors LLC increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,002 shares of the company’s stock after acquiring an additional 1,185 shares during the quarter. Tectonic Advisors LLC owned about 0.07% of Academy Sports and Outdoors worth $2,017,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Your Advocates Ltd. LLP boosted its position in shares of Academy Sports and Outdoors by 101.5% in the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period. TD Private Client Wealth LLC lifted its position in Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock valued at $53,000 after purchasing an additional 362 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Academy Sports and Outdoors during the first quarter valued at approximately $64,000. Nisa Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 25.6% during the first 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 during the last quarter. Finally, US Bancorp DE lifted its position in Academy Sports and Outdoors by 280.0% during the first quarter. US Bancorp DE now owns 1,657 shares of the company’s stock valued at $76,000 after purchasing an additional 1,221 shares during the last quarter.

Academy Sports and Outdoors Trading Down 0.9%

ASO stock opened at $52.48 on Thursday. The company has a market capitalization of $3.50 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.06 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $61.25. The company’s 50 day moving average price is $50.89 and its two-hundred day moving average price is $46.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64.

Academy Sports and Outdoors Announces Dividend

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

Wall Street Analysts Forecast Growth

ASO has been the subject of several research analyst reports. Citigroup lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Evercore ISI dropped their target price on shares of Academy Sports and Outdoors from $55.00 to $50.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. UBS Group reiterated a “neutral” rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Cowen reiterated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Academy Sports and Outdoors in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $58.11.

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.