Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,711 shares of the company’s stock after acquiring an additional 7,522 shares during the quarter. Cerity Partners LLC owned 0.11% of Academy Sports and Outdoors worth $3,408,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 25.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $66,000 after buying an additional 293 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Academy Sports and Outdoors by 9.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock worth $489,000 after acquiring an additional 961 shares during the last quarter. Dupree Financial Group LLC purchased a new stake in Academy Sports and Outdoors in the 1st quarter valued at $2,771,000. Crossmark Global Holdings Inc. increased its position in Academy Sports and Outdoors by 9.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 10,517 shares of the company’s stock valued at $480,000 after acquiring an additional 909 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its stake in Academy Sports and Outdoors by 13.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 9,292 shares of the company’s stock valued at $424,000 after acquiring an additional 1,124 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on ASO. B. Riley lowered their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Truist Financial lifted their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. Oppenheimer dropped their target price on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Loop Capital reduced their target price on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Wedbush decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.31.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director owned 7,084 shares of the company’s stock, valued at $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Trading Down 0.3%

NASDAQ:ASO opened at $54.12 on Friday. The company has a market cap of $3.60 billion, a PE ratio of 9.95, a P/E/G ratio of 1.02 and a beta of 1.29. The business’s 50 day moving average is $45.60 and its two-hundred day moving average is $46.70. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 9.56%.

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.