DekaBank Deutsche Girozentrale lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 50.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,455 shares of the company’s stock after selling 15,496 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $705,000 at the end of the most recent reporting period.
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A number of other hedge funds have also recently modified their holdings of ASO. BlackRock Inc. grew its holdings in shares of Academy Sports and Outdoors by 124.0% in the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after purchasing an additional 7,507,589 shares during the period. State Street Corp grew its holdings in shares of Academy Sports and Outdoors by 73.0% in the first quarter. State Street Corp now owns 2,834,137 shares of the company’s stock valued at $111,872,000 after purchasing an additional 1,196,076 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Academy Sports and Outdoors by 11,157.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock valued at $42,542,000 after purchasing an additional 1,070,181 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Academy Sports and Outdoors by 680.6% in the first quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock valued at $45,212,000 after purchasing an additional 1,000,500 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Academy Sports and Outdoors by 11.3% in the first quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock valued at $372,817,000 after purchasing an additional 958,800 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.
Academy Sports and Outdoors Stock Up 0.9 %
ASO stock opened at $55.37 on Friday. The company’s 50 day moving average price is $52.50 and its 200 day moving average price is $47.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $57.85. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.69 and a beta of 1.14.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its earnings results on Wednesday, December 7th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Academy Sports and Outdoors had a net margin of 9.48% and a return on equity of 41.27%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.55 billion. On average, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 7.39 EPS for the current fiscal year.
Academy Sports and Outdoors Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, December 20th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.30 annualized dividend and a yield of 0.54%. Academy Sports and Outdoors’s dividend payout ratio is currently 4.23%.
Analyst Ratings Changes
A number of research firms have commented on ASO. Loop Capital upped their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 in a research report on Wednesday, December 14th. Guggenheim upped their target price on shares of Academy Sports and Outdoors to $63.00 in a research report on Monday, December 12th. TheStreet raised shares of Academy Sports and Outdoors from a “c” rating to a “b-” rating in a research report on Tuesday, October 4th. UBS Group upped their target price on shares of Academy Sports and Outdoors from $60.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, December 8th. Finally, Wells Fargo & Company upped their target price on shares of Academy Sports and Outdoors from $56.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, December 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average price target of $64.36.
Insider Buying and Selling at Academy Sports and Outdoors
In other Academy Sports and Outdoors news, CFO Michael P. Mullican sold 81,008 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $55.45, for a total value of $4,491,893.60. Following the transaction, the chief financial officer now directly owns 105,582 shares in the company, valued at $5,854,521.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Academy Sports and Outdoors news, CFO Michael P. Mullican sold 81,008 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $55.45, for a total value of $4,491,893.60. Following the transaction, the chief financial officer now directly owns 105,582 shares in the company, valued at $5,854,521.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Manish Maini sold 45,000 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $54.32, for a total transaction of $2,444,400.00. Following the completion of the transaction, the senior vice president now owns 102,639 shares in the company, valued at $5,575,350.48. The disclosure for this sale can be found here. Insiders have sold 138,394 shares of company stock worth $7,621,857 over the last three months. Insiders own 3.51% of the company’s stock.
About Academy Sports and Outdoors
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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
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