Sunbelt Securities Inc. Sells 485 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Sunbelt Securities Inc. lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,128 shares of the company’s stock after selling 485 shares during the period. Sunbelt Securities Inc.’s holdings in Academy Sports and Outdoors were worth $481,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASO. Jones Financial Companies Lllp bought a new position in Academy Sports and Outdoors in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its position in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after purchasing an additional 880 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $73,000. GAMMA Investing LLC bought a new stake in Academy Sports and Outdoors during the fourth quarter worth $83,000. Finally, SkyView Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 14.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after purchasing an additional 245 shares during the last quarter.

Insider Activity

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

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $52.73 on Thursday. The business has a 50-day moving average of $55.65 and a 200-day moving average of $62.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.4 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Analysts Set New Price Targets

Several research firms recently weighed in on ASO. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, June 11th. B. Riley restated a “buy” rating and issued a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $81.00 to $58.00 in a research report on Wednesday, June 12th. Wells Fargo & Company restated an “equal weight” rating and issued a $55.00 target price (down previously from $80.00) on shares of Academy Sports and Outdoors in a research report on Wednesday, June 12th. Finally, Bank of America downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $75.00 to $63.00 in a report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.93.

Academy Sports and Outdoors 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.