Academy Sports and Outdoors, Inc. $ASO Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 59.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 23,010 shares of the company's stock after selling 33,749 shares during the period. Hunter Perkins Capital Management LLC's holdings in Academy Sports and Outdoors were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Academy Sports and Outdoors by 10,181.5% in the first quarter. GAMMA Investing LLC now owns 127,799 shares of the company's stock valued at $5,829,000 after buying an additional 126,556 shares during the last quarter. Washington Capital Management Inc. increased its holdings in shares of Academy Sports and Outdoors by 21.0% in the 1st quarter. Washington Capital Management Inc. now owns 12,100 shares of the company's stock valued at $552,000 after acquiring an additional 2,100 shares during the period. SummerHaven Investment Management LLC raised its position in 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 purchasing an additional 275 shares during the last quarter. Mission Wealth Management LP boosted its stake in Academy Sports and Outdoors by 13.3% during the 1st quarter. Mission Wealth Management LP now owns 5,110 shares of the company's stock worth $233,000 after purchasing an additional 600 shares during the period. Finally, Blue Trust Inc. grew its position in Academy Sports and Outdoors by 203.0% during the 1st quarter. Blue Trust Inc. now owns 2,121 shares of the company's stock worth $97,000 after purchasing an additional 1,421 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Telsey Advisory Group reissued an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 4th. They issued a "buy" rating and a $65.00 price objective for the company. Bank of America dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. increased their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $58.11.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $53.85 on Monday. The company has a 50-day simple moving average of $50.94 and a 200-day simple moving average of $46.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. The company has a market cap of $3.59 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $61.25.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio is currently 9.74%.

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.

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