Crossmark Global Holdings Inc. Purchases 909 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Crossmark Global Holdings Inc. increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,517 shares of the company’s stock after acquiring an additional 909 shares during the period. Crossmark Global Holdings Inc.’s holdings in Academy Sports and Outdoors were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC increased its holdings in Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after acquiring an additional 496 shares during the period. TD Private Client Wealth LLC grew its stake in Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company’s stock worth $53,000 after buying an additional 362 shares in the last quarter. LGT Financial Advisors LLC grew its stake in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Sterling Capital Management LLC grew its stake in Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock worth $93,000 after buying an additional 1,428 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Academy Sports and Outdoors by 203.0% in the 1st quarter. Blue Trust Inc. now owns 2,121 shares of the company’s stock worth $97,000 after buying an additional 1,421 shares in the last quarter.

Academy Sports and Outdoors Stock Down 2.4%

Shares of NASDAQ ASO opened at $50.66 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.62. The firm has a market capitalization of $3.37 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29. The firm has a fifty day simple moving average of $44.23 and a two-hundred day simple moving average of $46.85.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. Academy Sports and Outdoors’s payout ratio is 9.56%.

Analysts Set New Price Targets

A number of research firms have commented on ASO. Wedbush cut their price target 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. Truist Financial increased their target price on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. increased their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Telsey Advisory Group reissued an “outperform” rating and set a $58.00 price target (down previously from $60.00) on shares of Academy Sports and Outdoors in a research report on Tuesday, June 10th. Finally, Morgan Stanley dropped their price target on shares of 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.31.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of the 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 completion of the transaction, the director directly owned 7,084 shares in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.62% of the stock is currently owned by insiders.

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.