Rhumbline Advisers Sells 9,083 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Rhumbline Advisers reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 196,823 shares of the company’s stock after selling 9,083 shares during the period. Rhumbline Advisers owned about 0.29% of Academy Sports and Outdoors worth $8,977,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its position in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after acquiring an additional 915 shares in the last quarter. LGT Financial Advisors LLC increased its position in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after acquiring an additional 843 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock valued at $93,000 after acquiring an additional 1,428 shares in the last quarter.

Academy Sports and Outdoors Stock Up 0.5%

Academy Sports and Outdoors stock opened at $44.60 on Wednesday. The company’s 50 day simple moving average is $40.10 and its 200 day simple moving average is $47.85. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 1.02 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors’s payout ratio is currently 9.01%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ASO. Telsey Advisory Group restated an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday. Truist Financial set a $45.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, May 7th. B. Riley lowered their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Finally, Oppenheimer lowered their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

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.