State of Alaska Department of Revenue Sells 1,505 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

State of Alaska Department of Revenue trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,453 shares of the company’s stock after selling 1,505 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Academy Sports and Outdoors worth $1,753,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fund 1 Investments LLC acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $4,929,000. Bank of New York Mellon Corp raised its position in shares of Academy Sports and Outdoors by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after purchasing an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $1,969,000. Wells Fargo & Company MN raised its position in shares of Academy Sports and Outdoors by 11.4% during the fourth quarter. Wells Fargo & Company MN now owns 216,686 shares of the company’s stock worth $12,466,000 after purchasing an additional 22,146 shares during the period. Finally, Pacifica Capital Investments LLC raised its position in shares of Academy Sports and Outdoors by 7.9% during the fourth quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company’s stock worth $23,041,000 after purchasing an additional 29,410 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ASO shares. Telsey Advisory Group reissued an “outperform” rating and issued a $58.00 price target (down from $60.00) on shares of Academy Sports and Outdoors in a research report on Tuesday, June 10th. Citigroup lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, June 4th. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 11th. B. Riley lowered their price target on 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. Finally, Wedbush lowered their price target on 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.31.

Academy Sports and Outdoors Stock Up 0.0%

Shares of NASDAQ ASO opened at $44.01 on Tuesday. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62. The business has a 50-day simple moving average of $41.48 and a two-hundred day simple moving average of $47.54. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.93 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.82 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 1.18%. Academy Sports and Outdoors’s dividend payout ratio is currently 9.56%.

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.