DekaBank Deutsche Girozentrale Sells 4,021 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

DekaBank Deutsche Girozentrale cut its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 37.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,694 shares of the company’s stock after selling 4,021 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ASO. American Century Companies Inc. grew its holdings in Academy Sports and Outdoors by 17.6% during the second quarter. American Century Companies Inc. now owns 386,378 shares of the company’s stock worth $20,575,000 after purchasing an additional 57,723 shares during the period. Headlands Technologies LLC boosted its stake in shares of Academy Sports and Outdoors by 1,754.6% during the 2nd quarter. Headlands Technologies LLC now owns 9,514 shares of the company’s stock worth $507,000 after acquiring an additional 9,001 shares during the period. Quest Partners LLC increased its holdings in shares of Academy Sports and Outdoors by 1,136.5% during the 2nd quarter. Quest Partners LLC now owns 5,725 shares of the company’s stock worth $305,000 after acquiring an additional 5,262 shares during the last quarter. LSV Asset Management raised its stake in Academy Sports and Outdoors by 4.2% in the 2nd 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. Finally, Cullen Frost Bankers Inc. lifted its holdings in Academy Sports and Outdoors by 86.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 7,040 shares of the company’s stock valued at $375,000 after purchasing an additional 3,260 shares during the last quarter.

Analyst Ratings Changes

ASO has been the topic of several research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Evercore ISI increased their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. UBS Group lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Finally, Truist Financial boosted 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average price target of $62.86.

Academy Sports and Outdoors Trading Down 2.4 %

Shares of Academy Sports and Outdoors stock opened at $60.34 on Friday. The firm’s 50-day moving average price is $54.43 and its two-hundred day moving average price is $57.22. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.94 and a beta of 1.34. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (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 business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm posted $2.01 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Insider Activity 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 stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the transaction, the director now owns 8,906 shares of the company’s stock, valued at $552,172. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey C. Tweedy sold 625 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by 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.