Mutual of America Capital Management LLC Has $633,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Mutual of America Capital Management LLC cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,848 shares of the company’s stock after selling 1,281 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $7,895,000. Royce & Associates LP increased its holdings in Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after buying an additional 365,929 shares during the last quarter. KBC Group NV lifted its stake in Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after acquiring an additional 408 shares during the last quarter. Simmons Bank grew its position in shares of Academy Sports and Outdoors by 1.9% in the 3rd quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after acquiring an additional 200 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Academy Sports and Outdoors by 15.3% during the 3rd quarter. Victory Capital Management Inc. now owns 51,988 shares of the company’s stock worth $3,034,000 after purchasing an additional 6,894 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and cut their target price for the stock from $63.00 to $50.00 in a research note on Tuesday, November 19th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Telsey Advisory Group restated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Wedbush reiterated 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. Finally, Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average price target of $61.57.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’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 sale, the director now owns 8,906 shares in the company, valued at approximately $552,172. This represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $48.01 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The company has a 50-day moving average price of $53.52 and a 200-day moving average price of $53.77.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its 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 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 company earned $2.01 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.92%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

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.