Yousif Capital Management LLC Sells 1,019 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Yousif Capital Management LLC trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,006 shares of the company’s stock after selling 1,019 shares during the period. Yousif Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $2,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC bought a new position in Academy Sports and Outdoors in the 4th quarter worth about $83,000. SkyView Investment Advisors LLC grew its holdings in Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after acquiring an additional 245 shares in the last quarter. PFG Investments LLC lifted its position in shares of Academy Sports and Outdoors by 7.9% in 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 period. BRYN MAWR TRUST Co bought a new position in Academy Sports and Outdoors in the third quarter worth approximately $209,000. Finally, Avalon Capital Management purchased a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at $211,000.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Academy Sports and Outdoors in a research report on Friday, April 12th. They set a “buy” rating and a $85.00 price target for the company. Morgan Stanley lowered their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. Wedbush reissued an “outperform” rating and issued a $80.00 price target on shares of Academy Sports and Outdoors in a report on Monday, April 1st. JPMorgan Chase & Co. increased their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Evercore ISI reduced their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Academy Sports and Outdoors Stock Up 0.1 %

Shares of ASO opened at $60.76 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.48 billion, a P/E ratio of 9.04, a PEG ratio of 0.89 and a beta of 1.35. The stock’s 50 day moving average is $66.03 and its two-hundred day moving average is $60.22. 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 business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Academy Sports and Outdoors Company 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.