Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,849 shares of the company’s stock after selling 620 shares during the quarter. Mackenzie Financial Corp’s holdings in Academy Sports and Outdoors were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ASO. SkyView Investment Advisors LLC raised its position in Academy Sports and Outdoors by 14.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after purchasing an additional 245 shares during the last quarter. PFG Investments LLC grew its position in Academy Sports and Outdoors by 7.9% during the 3rd quarter. PFG Investments LLC now owns 4,402 shares of the company’s stock worth $208,000 after purchasing an additional 321 shares during the last quarter. Invst LLC raised its holdings in shares of Academy Sports and Outdoors by 4.3% in the third quarter. Invst LLC now owns 13,294 shares of the company’s stock valued at $628,000 after buying an additional 542 shares during the last quarter. Swiss National Bank boosted its stake in shares of Academy Sports and Outdoors by 0.4% during the third quarter. Swiss National Bank now owns 168,100 shares of the company’s stock worth $7,946,000 after buying an additional 600 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Academy Sports and Outdoors by 2.1% during the third quarter. Teacher Retirement System of Texas now owns 30,023 shares of the company’s stock worth $1,419,000 after buying an additional 605 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASO. Telsey Advisory Group dropped their target price on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Wells Fargo & Company dropped their price objective on shares of Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. B. Riley restated a “buy” rating and issued a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Morgan Stanley dropped their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, March 22nd. Finally, Evercore ISI cut their price target on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the transaction, the director now owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.56% of the stock is owned by company insiders.

Academy Sports and Outdoors Price Performance

ASO stock opened at $60.72 on Friday. The firm has a 50 day moving average of $66.19 and a 200-day moving average of $60.00. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.86 and a beta of 1.35. The company has a current ratio of 1.87, a quick ratio of 0.51 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.72%. Academy Sports and Outdoors’s payout ratio is currently 6.55%.

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.