Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,271 shares of the company’s stock after selling 1,225 shares during the period. Amalgamated Bank’s holdings in Academy Sports and Outdoors were worth $1,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. QRG Capital Management Inc. bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at approximately $205,000. Harbor Capital Advisors Inc. acquired a new position in Academy Sports and Outdoors in the third quarter worth $28,000. James Investment Research Inc. bought a new stake in Academy Sports and Outdoors during the third quarter valued at $264,000. Farther Finance Advisors LLC increased its stake in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Academy Sports and Outdoors by 21.3% during the third quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock worth $12,983,000 after purchasing an additional 39,134 shares during the period.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the sale, the director now directly owns 8,906 shares of the company’s stock, valued at $552,172. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ASO shares. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Truist Financial increased their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, TD Cowen raised their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $49.44 on Thursday. The firm has a market capitalization of $3.48 billion, a PE ratio of 7.69, a P/E/G ratio of 0.96 and a beta of 1.37. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $55.22 and a 200 day moving average price of $54.49. Academy Sports and Outdoors, Inc. has a 52-week low of $45.47 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm posted $2.01 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a $0.11 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

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.