Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by KBC Group NV

KBC Group NV cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 10.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,523 shares of the company’s stock after selling 403 shares during the period. KBC Group NV’s holdings in Academy Sports and Outdoors were worth $161,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC boosted its holdings in shares of 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 buying an additional 496 shares during the period. LGT Financial Advisors LLC boosted its stake in Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after purchasing an additional 843 shares during the period. Sterling Capital Management LLC boosted its stake in Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock valued at $93,000 after purchasing an additional 1,428 shares during the period. Finally, Blue Trust Inc. boosted its stake in Academy Sports and Outdoors by 203.0% during the 1st quarter. Blue Trust Inc. now owns 2,121 shares of the company’s stock valued at $97,000 after purchasing an additional 1,421 shares during the period.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $47.22 on Monday. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The stock has a fifty day moving average of $43.04 and a 200-day moving average of $47.03. The company has a market capitalization of $3.14 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $1.08 EPS. Academy Sports and Outdoors’s revenue was down .9% on a year-over-year basis. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company 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 dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.56%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the business’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director directly owned 7,084 shares of the company’s stock, valued at $315,096.32. The trade was a 38.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Wedbush reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 14th. Telsey Advisory Group restated an “outperform” rating and set a $58.00 price target (down from $60.00) on shares of Academy Sports and Outdoors in a research report on Tuesday, June 10th. JPMorgan Chase & Co. raised their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, UBS Group dropped their target price on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.31.

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.