Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 27.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,246 shares of the company’s stock after selling 3,563 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Academy Sports and Outdoors were worth $539,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Jackson Square Capital LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $515,000. Foster & Motley Inc. grew its stake in shares of Academy Sports and Outdoors by 3.5% in the third quarter. Foster & Motley Inc. now owns 19,530 shares of the company’s stock valued at $1,141,000 after buying an additional 666 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $205,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $28,000. Finally, James Investment Research Inc. acquired a new stake in Academy Sports and Outdoors during the 3rd quarter valued at approximately $264,000.

Academy Sports and Outdoors Trading Down 3.0 %

Shares of NASDAQ ASO opened at $47.80 on Friday. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 12-month low of $45.47 and a 12-month high of $75.73. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $54.93 and its 200 day simple moving average is $54.30.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s payout ratio is currently 6.79%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASO. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Wedbush restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wells Fargo & Company raised their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Loop Capital restated a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

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 Academy Sports and Outdoors stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at $552,172. The trade was a 11.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.19% of the stock is owned by company insiders.

About Academy Sports and Outdoors

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.