MetLife Investment Management LLC Sells 1,104 Shares of Academy Sports and Outdoors, Inc. $ASO

MetLife Investment Management LLC trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,335 shares of the company’s stock after selling 1,104 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Academy Sports and Outdoors worth $1,840,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ASO. Northern Trust Corp raised its holdings in Academy Sports and Outdoors by 6.8% during the fourth quarter. Northern Trust Corp now owns 774,911 shares of the company’s stock worth $44,581,000 after acquiring an additional 49,106 shares in the last quarter. AQR Capital Management LLC raised its holdings in Academy Sports and Outdoors by 6.1% during the fourth quarter. AQR Capital Management LLC now owns 114,182 shares of the company’s stock worth $6,569,000 after acquiring an additional 6,516 shares in the last quarter. AXA S.A. raised its holdings in Academy Sports and Outdoors by 1.8% during the fourth quarter. AXA S.A. now owns 97,889 shares of the company’s stock worth $5,632,000 after acquiring an additional 1,721 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Academy Sports and Outdoors during the fourth quarter worth about $6,314,000. Finally, Baird Financial Group Inc. raised its holdings in Academy Sports and Outdoors by 5.6% during the fourth quarter. Baird Financial Group Inc. now owns 254,205 shares of the company’s stock worth $14,624,000 after acquiring an additional 13,371 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $49.50 on Wednesday. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.61. The stock’s 50 day moving average is $51.61 and its 200-day moving average is $46.35. 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 company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.01 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $1.08 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.52 annualized dividend and a yield of 1.1%. Academy Sports and Outdoors’s dividend payout ratio is presently 9.56%.

Insiders Place Their Bets

In other Academy Sports and Outdoors 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 in the company, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.62% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group reissued a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a research report on Sunday. Loop Capital set a $65.00 price target on Academy Sports and Outdoors in a research report on Monday, July 21st. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 11th. Evercore ISI boosted their price target on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 26th. Finally, Citigroup lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.59.

Academy Sports and Outdoors Company 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.