Bryn Mawr Capital Management LLC Buys Shares of 37,893 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bryn Mawr Capital Management LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,893 shares of the company’s stock, valued at approximately $2,501,000. Bryn Mawr Capital Management LLC owned approximately 0.05% of Academy Sports and Outdoors at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter worth about $83,000. SkyView Investment Advisors LLC raised its holdings in Academy Sports and Outdoors by 14.2% in the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after buying an additional 245 shares during the period. Avalon Capital Management purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $211,000. SG Americas Securities LLC purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $265,000. Finally, Breakwater Capital Group purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at approximately $265,000.

Wall Street Analyst Weigh In

Several research firms recently commented on ASO. Telsey Advisory Group cut their price target on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Wells Fargo & Company decreased their price target on shares of Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen decreased their price target on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, Robert W. Baird raised their price target on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now directly owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.56% of the company’s stock.

Academy Sports and Outdoors Stock Performance

ASO stock traded up $1.65 during mid-day trading on Friday, reaching $60.72. The company had a trading volume of 1,016,916 shares, compared to its average volume of 1,348,117. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.48 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.86 and a beta of 1.35. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73. The stock’s 50-day simple moving average is $66.19 and its two-hundred day simple moving average is $59.90.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were paid a dividend of $0.11 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, March 25th. Academy Sports and Outdoors’s payout ratio is currently 6.55%.

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.