Vanguard Group Inc. Sells 44,171 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Vanguard Group Inc. trimmed its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,643,613 shares of the company’s stock after selling 44,171 shares during the quarter. Vanguard Group Inc. owned 11.66% of Academy Sports and Outdoors worth $570,478,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Academy Sports and Outdoors by 52.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,454 shares of the company’s stock worth $3,066,000 after purchasing an additional 15,955 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Academy Sports and Outdoors by 1,014.0% during the fourth quarter. Verition Fund Management LLC now owns 213,542 shares of the company’s stock valued at $14,094,000 after acquiring an additional 194,373 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Academy Sports and Outdoors by 20.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after acquiring an additional 172,783 shares during the last quarter. Bryn Mawr Capital Management LLC bought a new position in Academy Sports and Outdoors in the 4th quarter valued at approximately $2,501,000. Finally, Point72 Asset Management L.P. boosted its stake in Academy Sports and Outdoors by 36.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock valued at $137,878,000 after purchasing an additional 559,414 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ASO shares. Wedbush decreased their price target on Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Jefferies Financial Group started coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They set a “buy” rating and a $85.00 target price on the stock. Evercore ISI lifted their price target on shares of Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. TD Cowen lowered their price objective on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Finally, Bank of America downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $75.00 to $63.00 in a research report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.93.

Academy Sports and Outdoors Stock Performance

ASO opened at $53.51 on Tuesday. The firm has a market cap of $3.86 billion, a P/E ratio of 8.18, a PEG ratio of 0.91 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The company has a 50 day simple moving average of $56.01 and a two-hundred day simple moving average of $62.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.19 EPS. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 6.4 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the sale, the director now directly owns 7,870 shares in the company, valued at approximately $472,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.19% of the stock is owned by company insiders.

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.