Academy Sports and Outdoors, Inc. (NASDAQ:ASO) stock sold by Stephens Inc. AR – Defense World | Gmx Pharm


Stephens Inc. AR reduced its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 54.4% in the first quarter, Holdings Channel reports. The company owned 8,838 shares of the company’s shares after selling 10,525 shares during the period. Stephens Inc. AR’s interests in Academy Sports and Outdoors were valued at $348,000 at the end of the last reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASO. Counterpoint Mutual Funds LLC acquired a new interest in Academy Sports and Outdoors stock valued at approximately $26,000 during the first quarter. Nisa Investment Advisors LLC increased its stake in Academy Sports and Outdoors by 826.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company, valued at $54,000, having purchased an additional 1,240 shares during the period. Covestor Ltd acquired a new interest in Academy Sports and Outdoors stock valued at approximately $59,000 during the fourth quarter. Islay Capital Management LLC increased its stake in Academy Sports and Outdoors by 67.5% in the first quarter. Islay Capital Management LLC now owns 4,922 shares of the Company’s stock valued at $194,000 after purchasing an additional 1,983 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in Academy Sports and Outdoors by 8.2% during the first quarter. Capital Investment Advisory Services LLC now owns 5,300 shares of the company, valued at $209,000, having purchased an additional 400 shares during the period. 89.94% of the shares are owned by institutional investors and hedge funds.

Academy Sports and Outdoors value for money

NASDAQ ASO opened at $43.00 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $37.76 and a 200-day simple moving average of $36.92. The company has a market cap of $3.66 billion, a P/E of 6.17, a P/E of 0.67, and a beta of 1.39. Academy Sports and Outdoors, Inc. has a 1 year low of $25.10 and a 1 year high of $51.08.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings data on Tuesday, June 7th. The company reported earnings per share (EPS) of $1.73 for the quarter, beating the consensus estimate of $1.40 by $0.33. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. In the same period last year, the company earned $1.89 per share. Academy Sports and Outdoors quarterly sales declined 7.1% compared to the year-ago quarter. On average, sell-side analysts are forecasting that Academy Sports and Outdoors, Inc. will post 7.05 EPS for the year to date.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record were paid a dividend of $0.075 on Thursday, June 16th. That equates to a dividend of $0.30 on an annualized basis and a yield of 0.70%. The ex-dividend date was Wednesday June 15th. Academy Sports and Outdoors’ dividend payout ratio (DPR) is currently 4.30%.

Analysts set new price targets

ASO stocks have been rated by a number of research analysts. Goldman Sachs Group lowered its target price on shares of Academy Sports and Outdoors from $61.00 to $49.00 and rated the stock as a “buy” in a research note on Wednesday, May 4th. Truist Financial began reporting on shares of Academy Sports and Outdoors in a research note on Wednesday, May 11th. They provided a buy rating and a price target of $53.00 on the stock. Stephens raised its target price on shares of Academy Sports and Outdoors from $70.00 to $72.00 and ranked the company as “overweight” in a research note on Wednesday, June 8. Finally, UBS Group lowered its price target for shares of Academy Sports and Outdoors to $55.00 in a research note on Thursday, June 9th. Twelve investment analysts have given the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $55.08.

About Academy Sports and Outdoors

(received rating)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and drinkware, camping supplies, camping gear, sunglasses, backpacks and gym bags; marine equipment and fishing rods, reels, bait and tackle; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, air guns and hunting equipment; team sports equipment including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and dietary supplements; and patio furniture, outdoor cooking, wheeled products, trampolines, playsets, water sports and pet gear, as well as electronic products, clocks, consumables, batteries, etc.

See also

Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating).

Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)



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