US Bancorp DE Has $27,000 Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

US Bancorp DE reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 90.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 459 shares of the company’s stock after selling 4,254 shares during the period. US Bancorp DE’s holdings in Academy Sports and Outdoors were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in Academy Sports and Outdoors by 75.0% during the 1st quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock worth $2,674,000 after buying an additional 16,970 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock worth $548,000 after acquiring an additional 250 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Academy Sports and Outdoors in the 1st quarter worth about $348,000. Clearbridge Investments LLC boosted its holdings in Academy Sports and Outdoors by 2.1% in the 1st quarter. Clearbridge Investments LLC now owns 184,902 shares of the company’s stock valued at $12,488,000 after purchasing an additional 3,720 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $1,021,000.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 in the company, valued at approximately $552,172. This trade represents a 11.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Loop Capital reiterated a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, 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 Performance

NASDAQ ASO opened at $46.60 on Tuesday. 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 has a market cap of $3.28 billion, a PE ratio of 7.19, a PEG ratio of 0.92 and a beta of 1.37. 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’s fifty day moving average price is $54.81 and its two-hundred day moving average price is $54.21.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results 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 return on equity of 25.56% and a net margin of 7.98%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were paid a $0.11 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.94%. Academy Sports and Outdoors’s dividend payout ratio is 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.