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

Cerity Partners LLC grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 74,711 shares of the company’s stock after purchasing an additional 7,522 shares during the quarter. Cerity Partners LLC’s holdings in Academy Sports and Outdoors were worth $3,408,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ASO. Nisa Investment Advisors LLC lifted its position in 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 purchasing an additional 293 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Academy Sports and Outdoors by 9.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company’s stock worth $489,000 after purchasing an additional 961 shares during the last quarter. Dupree Financial Group LLC acquired a new stake in shares of Academy Sports and Outdoors in the first quarter valued at approximately $2,771,000. Crossmark Global Holdings Inc. raised its holdings in shares of Academy Sports and Outdoors by 9.5% during the first quarter. Crossmark Global Holdings Inc. now owns 10,517 shares of the company’s stock valued at $480,000 after buying an additional 909 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 13.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 9,292 shares of the company’s stock valued at $424,000 after buying an additional 1,124 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $54.12 on Friday. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. 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 firm has a 50-day moving average of $45.60 and a two-hundred day moving average of $46.70. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). The business 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 in the previous year, the firm earned $1.08 earnings per share. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group decreased their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, June 4th. Oppenheimer reduced their price target on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Bank of America lowered 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. Loop Capital cut their price objective on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a “hold” rating in a 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.31.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the sale, the director directly owned 7,084 shares of the company’s stock, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.62% of the stock is owned by company insiders.

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.