Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 18.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,086 shares of the company’s stock after selling 243 shares during the period. GAMMA Investing LLC’s holdings in Academy Sports and Outdoors were worth $73,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Academy Sports and Outdoors by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,655,894 shares of the company’s stock worth $175,290,000 after acquiring an additional 80,218 shares during the period. Point72 Asset Management L.P. increased its holdings 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 worth $137,878,000 after purchasing an additional 559,414 shares during the period. LSV Asset Management raised its position in Academy Sports and Outdoors by 28.4% in the 4th quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock valued at $109,068,000 after purchasing an additional 365,855 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Academy Sports and Outdoors by 0.7% in the 4th quarter. King Luther Capital Management Corp now owns 1,552,823 shares of the company’s stock valued at $102,486,000 after buying an additional 10,900 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Academy Sports and Outdoors by 20.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,989 shares of the company’s stock worth $66,725,000 after buying an additional 172,783 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. B. Riley reissued a “buy” rating and issued a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $58.00 in a report on Wednesday, June 12th. Truist Financial dropped their price objective on Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, June 10th. Finally, Wedbush decreased their target price 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.93.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $55.24 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73. The company has a 50-day simple moving average of $56.01 and a 200-day simple moving average of $62.22. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.91 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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 company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. On average, analysts predict that Academy Sports and Outdoors, Inc. will post 6.4 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

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.