Cerity Partners LLC Grows Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cerity Partners LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,711 shares of the company's stock after buying an additional 7,522 shares during the quarter. Cerity Partners LLC owned about 0.11% of Academy Sports and Outdoors worth $3,408,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Xponance Inc. boosted its stake in shares of Academy Sports and Outdoors by 5.7% during the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after buying an additional 266 shares during the period. SummerHaven Investment Management LLC increased its position in Academy Sports and Outdoors by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after purchasing an additional 275 shares during the period. Allspring Global Investments Holdings LLC increased its position in Academy Sports and Outdoors by 4.6% during 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 period. Moody National Bank Trust Division increased its position 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 purchasing an additional 287 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after purchasing an additional 293 shares during the period.

Academy Sports and Outdoors Trading Up 4.0%

Shares of ASO stock traded up $2.16 during trading hours on Tuesday, hitting $56.11. 2,169,756 shares of the company were exchanged, compared to its average volume of 1,609,766. The company has a 50 day simple moving average of $45.60 and a two-hundred day simple moving average of $46.56. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The firm has a market cap of $3.73 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.01 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.55% and a return on equity of 19.62%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The company's revenue was down .9% on a year-over-year basis. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.56%.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the 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 sale, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ASO has been the subject of several recent analyst reports. Truist Financial lifted their target price on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Wells Fargo & Company lifted their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Bank of America lowered their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. UBS Group lowered their price objective 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. Finally, Evercore ISI lowered their price objective on shares of 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.63.

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.