Focus Partners Wealth Grows Stake in Academy Sports and Outdoors, Inc. $ASO

Focus Partners Wealth increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 71.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,891 shares of the company’s stock after purchasing an additional 24,577 shares during the period. Focus Partners Wealth owned 0.09% of Academy Sports and Outdoors worth $2,686,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its holdings in Academy Sports and Outdoors by 58.2% in the fourth quarter. Deutsche Bank AG now owns 66,332 shares of the company’s stock worth $3,816,000 after purchasing an additional 24,396 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Academy Sports and Outdoors by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,215 shares of the company’s stock valued at $2,256,000 after purchasing an additional 558 shares during the period. ProShare Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 40.7% in the 4th quarter. ProShare Advisors LLC now owns 20,789 shares of the company’s stock valued at $1,196,000 after buying an additional 6,017 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in Academy Sports and Outdoors by 4.8% during the fourth quarter. Rafferty Asset Management LLC now owns 7,613 shares of the company’s stock valued at $438,000 after purchasing an additional 346 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Academy Sports and Outdoors by 14.6% in the fourth quarter. Tidal Investments LLC now owns 10,875 shares of the company’s stock valued at $626,000 after acquiring an additional 1,384 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ASO shares. Citigroup cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a research report on Monday, August 4th. They set a “buy” rating and a $65.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, September 2nd. Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a research note on Monday, July 21st. Finally, Truist Financial increased their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.78.

Insider Activity

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

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $46.46 on Tuesday. The stock has a market capitalization of $3.10 billion, a PE ratio of 8.70, a P/E/G ratio of 0.94 and a beta of 1.30. The firm has a 50 day moving average of $52.02 and a two-hundred day moving average of $46.17. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.61. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, September 11th. Academy Sports and Outdoors’s payout ratio is 9.74%.

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.