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

Cerity Partners LLC increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,711 shares of the company's stock after purchasing an additional 7,522 shares during the period. Cerity Partners LLC owned approximately 0.11% of Academy Sports and Outdoors worth $3,408,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Academy Sports and Outdoors by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock valued at $212,807,000 after acquiring an additional 404,863 shares in the last quarter. LSV Asset Management raised its stake in shares of Academy Sports and Outdoors by 14.2% during the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock worth $111,611,000 after purchasing an additional 241,100 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Academy Sports and Outdoors by 1.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,464,630 shares of the company's stock worth $84,260,000 after purchasing an additional 14,997 shares during the period. American Century Companies Inc. raised its stake in shares of Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after purchasing an additional 545,778 shares during the period. Finally, Norges Bank bought a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $47,436,000.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction dated 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 owned 7,084 shares in the company, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded down $0.14 during mid-day trading on Friday, reaching $54.12. 1,478,386 shares of the stock traded hands, compared to its average volume of 1,605,459. The stock has a market capitalization of $3.60 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.62. The business's 50-day moving average is $45.60 and its 200-day moving average is $46.63.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 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 for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the company posted $1.08 EPS. The firm's revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced 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. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ASO shares. Evercore ISI decreased their price objective on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. 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. Truist Financial lifted their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. Citigroup decreased their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. Finally, Loop Capital reduced their target price on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.31.

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.