Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 687,469 shares of the company’s stock after selling 24,757 shares during the period. Bank of New York Mellon Corp’s holdings in Academy Sports and Outdoors were worth $31,355,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Xponance Inc. raised its position in shares of Academy Sports and Outdoors by 5.7% during the 4th quarter. Xponance Inc. now owns 4,916 shares of the company’s stock worth $283,000 after buying an additional 266 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Academy Sports and Outdoors by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company’s stock valued at $678,000 after buying an additional 275 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings 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 worth $299,000 after purchasing an additional 283 shares during the last quarter. Moody National Bank Trust Division grew its holdings in Academy Sports and Outdoors by 1.7% during the 1st quarter. Moody National Bank Trust Division now owns 17,636 shares of the company’s stock worth $804,000 after acquiring an additional 287 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Academy Sports and Outdoors by 4.8% during the 4th quarter. Rafferty Asset Management LLC now owns 7,613 shares of the company’s stock worth $438,000 after acquiring an additional 346 shares during the last quarter.

Insider Buying and Selling

In related 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 value of $195,712.00. Following the sale, the director owned 7,084 shares of the company’s stock, valued at $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

ASO has been the subject of several research reports. UBS Group decreased their price target on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, June 4th. B. Riley dropped their price objective 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. Robert W. Baird decreased their price target 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. Evercore ISI cut their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Finally, Wedbush decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.31.

Academy Sports and Outdoors Trading Up 0.4%

Shares of ASO opened at $51.31 on Wednesday. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The firm has a market capitalization of $3.41 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.95 and a beta of 1.29. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $44.77 and its 200 day simple moving average is $46.72.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $1.08 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 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.