Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,014 shares of the company’s stock after selling 1,124 shares during the period. Los Angeles Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors during the 2nd quarter valued at about $174,054,000. Dimensional Fund Advisors LP raised its position in Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after acquiring an additional 481,640 shares in the last quarter. LSV Asset Management lifted its holdings in Academy Sports and Outdoors by 4.2% in the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 shares during the period. King Luther Capital Management Corp boosted its position in Academy Sports and Outdoors by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock worth $85,903,000 after purchasing an additional 29,912 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of Academy Sports and Outdoors by 7.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock worth $70,915,000 after purchasing an additional 90,651 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ASO shares. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $76.00 to $53.00 in a report on Monday, August 5th. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Truist Financial lifted their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 target price 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.50.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $47.80 on Friday. The company has a fifty day simple moving average of $54.93 and a 200-day simple moving average of $54.33. 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 market capitalization of $3.36 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.95 and a beta of 1.37. 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 released its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.79%.

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 the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the transaction, the director now directly owns 8,906 shares in the company, valued at $552,172. The trade was a 11.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.