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

Crossmark Global Holdings Inc. reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 27.8% 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 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.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $174,054,000. Dimensional Fund Advisors LP lifted its stake in Academy Sports and Outdoors by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after buying an additional 481,640 shares during the last quarter. Marshall Wace LLP purchased a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $10,224,000. The Manufacturers Life Insurance Company lifted its stake in Academy Sports and Outdoors by 43.4% in the second quarter. The Manufacturers Life Insurance Company now owns 612,175 shares of the company’s stock valued at $32,598,000 after buying an additional 185,295 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Academy Sports and Outdoors by 739.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 167,890 shares of the company’s stock valued at $8,940,000 after buying an additional 147,890 shares during the last quarter.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. This represents a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.19% of the company’s stock.

Wall Street Analyst Weigh In

ASO has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $53.00 in a report on Monday, August 5th. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. TD Cowen upped their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Finally, Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Academy Sports and Outdoors Stock Down 3.0 %

Academy Sports and Outdoors stock opened at $47.80 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The firm has a market capitalization 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 fifty-two week low of $45.47 and a fifty-two week high of $75.73. The stock’s fifty day moving average is $54.93 and its two-hundred day moving average is $54.30.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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 return on equity of 25.56% and a net margin of 7.98%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business earned $2.01 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. Analysts predict that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

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

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.