Bryn Mawr Capital Management LLC Takes Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bryn Mawr Capital Management LLC purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 37,893 shares of the company’s stock, valued at approximately $2,501,000.

A number of other large investors have also recently bought and sold shares of ASO. Vaughan Nelson Investment Management L.P. bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at $25,933,000. Allspring Global Investments Holdings LLC grew its position in Academy Sports and Outdoors by 2,687.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 300,277 shares of the company’s stock valued at $14,194,000 after acquiring an additional 289,506 shares during the period. Pacifica Capital Investments LLC bought a new stake in Academy Sports and Outdoors in the third quarter valued at $8,889,000. Loomis Sayles & Co. L P bought a new stake in Academy Sports and Outdoors in the third quarter valued at $7,380,000. Finally, Hsbc Holdings PLC bought a new stake in Academy Sports and Outdoors in the third quarter valued at $3,551,000.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.56% of the company’s stock.

Academy Sports and Outdoors Trading Up 2.8 %

Shares of ASO traded up $1.65 during trading hours on Friday, hitting $60.72. 1,016,916 shares of the stock traded hands, compared to its average volume of 1,348,117. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The firm has a market capitalization of $4.48 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The business has a fifty day moving average of $66.19 and a 200-day moving average of $59.90.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Monday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio is 6.55%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASO. JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Robert W. Baird boosted their price objective on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Morgan Stanley reduced their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, March 22nd. Evercore ISI reduced their price objective on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, TD Cowen reduced their price objective on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $73.82.

Academy Sports and Outdoors Company 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.