Intech Investment Management LLC Sells 8,383 Shares of Academy Sports and Outdoors, Inc. $ASO

Intech Investment Management LLC decreased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 13.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,107 shares of the company’s stock after selling 8,383 shares during the period. Intech Investment Management LLC owned 0.08% of Academy Sports and Outdoors worth $2,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ASO. Principal Financial Group Inc. increased its stake in shares of Academy Sports and Outdoors by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 345,718 shares of the company’s stock valued at $15,768,000 after acquiring an additional 4,279 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Academy Sports and Outdoors by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock valued at $299,000 after acquiring an additional 283 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Academy Sports and Outdoors by 10,181.5% in the 1st quarter. GAMMA Investing LLC now owns 127,799 shares of the company’s stock valued at $5,829,000 after acquiring an additional 126,556 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at $351,000. Finally, Bessemer Group Inc. increased its stake in shares of Academy Sports and Outdoors by 4.4% in the 1st quarter. Bessemer Group Inc. now owns 325,721 shares of the company’s stock valued at $14,856,000 after acquiring an additional 13,761 shares in the last quarter.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the business’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of the sale, the director owned 7,084 shares of the company’s stock, valued at approximately $315,096.32. The trade was a 38.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Price Performance

ASO opened at $46.46 on Tuesday. The stock has a 50-day moving average price of $52.02 and a 200-day moving average price of $46.17. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.61. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.10 billion, a P/E ratio of 8.70, a PEG ratio of 0.94 and a beta of 1.30.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a $0.13 dividend. 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 dividend payout ratio is presently 9.74%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company reiterated a “positive” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Monness Crespi & Hardt assumed coverage on Academy Sports and Outdoors in a report on Monday, August 4th. They issued a “buy” rating and a $65.00 price target on the stock. Bank of America cut their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Finally, Cowen reiterated a “hold” rating on shares of Academy Sports and Outdoors in a report 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.78.

About Academy Sports and Outdoors

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.