Loomis Sayles & Co. L P Has $6.35 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO

Loomis Sayles & Co. L P reduced its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 34.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,685 shares of the company’s stock after selling 75,991 shares during the period. Loomis Sayles & Co. L P owned approximately 0.21% of Academy Sports and Outdoors worth $6,349,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ASO. Dimensional Fund Advisors LP grew its stake in shares of Academy Sports and Outdoors by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,846,410 shares of the company’s stock worth $175,438,000 after acquiring an additional 147,395 shares during the last quarter. LSV Asset Management boosted its holdings in Academy Sports and Outdoors by 43.0% in the 2nd quarter. LSV Asset Management now owns 3,119,790 shares of the company’s stock valued at $139,798,000 after purchasing an additional 937,449 shares during the period. Westwood Holdings Group Inc. grew its position in Academy Sports and Outdoors by 5.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,110,172 shares of the company’s stock worth $94,557,000 after purchasing an additional 117,175 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Academy Sports and Outdoors by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 2,051,455 shares of the company’s stock worth $91,926,000 after purchasing an additional 376,027 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Academy Sports and Outdoors by 45.2% during the second quarter. William Blair Investment Management LLC now owns 1,440,032 shares of the company’s stock valued at $64,528,000 after buying an additional 448,582 shares during the last quarter.

Academy Sports and Outdoors Stock Up 2.3%

Shares of NASDAQ ASO opened at $49.37 on Tuesday. The stock has a market cap of $3.29 billion, a PE ratio of 9.25, a PEG ratio of 0.97 and a beta of 1.30. The business has a fifty day moving average of $48.51 and a two-hundred day moving average of $48.54. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. 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 (NASDAQ:ASO) last posted its earnings results on Tuesday, September 2nd. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.32). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.During the same period in the previous year, the company posted $2.03 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reiterated a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Citigroup downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Academy Sports and Outdoors in a report on Tuesday, November 25th. Monness Crespi & Hardt assumed coverage on Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.37.

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.