Academy Sports and Outdoors, Inc. $ASO Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. decreased its holdings in Academy Sports and Outdoors, Inc. by 1.1%, owning 756,601 shares valued at $34.5 million after selling 8,302 shares.
• Academy Sports reported a quarterly revenue of $1.35 billion, missing analyst estimates, and an EPS of $0.76, which also fell short of expectations.
• The company declared a quarterly dividend of $0.13 per share, equating to an annualized yield of 1.0% and a payout ratio of 9.56%.

Charles Schwab Investment Management Inc. trimmed its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 756,601 shares of the company's stock after selling 8,302 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.14% of Academy Sports and Outdoors worth $34,509,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ASO. Bank of Montreal Can boosted its holdings in Academy Sports and Outdoors by 7.0% during the fourth quarter. Bank of Montreal Can now owns 9,114 shares of the company's stock worth $524,000 after buying an additional 598 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Academy Sports and Outdoors during the fourth quarter worth about $2,342,000. Sterling Capital Management LLC boosted its holdings in Academy Sports and Outdoors by 724.9% during the fourth 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. Townsquare Capital LLC boosted its holdings in Academy Sports and Outdoors by 25.4% during the fourth quarter. Townsquare Capital LLC now owns 5,166 shares of the company's stock worth $297,000 after buying an additional 1,046 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Academy Sports and Outdoors by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock worth $212,807,000 after buying an additional 404,863 shares in 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 that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the completion of the transaction, the director owned 7,084 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $53.81 on Tuesday. The firm has a 50 day simple moving average of $49.77 and a 200-day simple moving average of $46.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The firm has a market cap of $3.58 billion, a PE ratio of 9.89, a P/E/G ratio of 1.01 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate 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 last year, the company posted $1.08 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 1.0%. Academy Sports and Outdoors's dividend payout ratio is 9.56%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ASO shares. Wells Fargo & Company upped their price target on shares of Academy Sports and Outdoors from $43.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Truist Financial upped their price target 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. UBS Group reduced their price target on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, June 4th. Telsey Advisory Group upped their price target on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Monness Crespi & Hardt started coverage on shares of 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. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors has an average rating of "Moderate Buy" and a consensus price target of $58.24.

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.

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