King Luther Capital Management Corp Has $70.30 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Key Points

• King Luther Capital Management Corp reduced its stake in Academy Sports and Outdoors, Inc. by 3.2%, owning 1,541,374 shares currently valued at approximately $70.3 million.
• The company reported a decrease in quarterly revenue by 0.9% year-over-year, with earnings per share (EPS) of $0.76, missing estimates of $0.89.
• Academy Sports and Outdoors recently declared a quarterly dividend of $0.13 per share, representing an annualized yield of 1.0%.

King Luther Capital Management Corp lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,541,374 shares of the company's stock after selling 50,879 shares during the quarter. King Luther Capital Management Corp owned approximately 2.32% of Academy Sports and Outdoors worth $70,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP lifted its holdings in shares of Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after buying an additional 411 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Academy Sports and Outdoors by 45.6% in the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after purchasing an additional 362 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after purchasing an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Academy Sports and Outdoors by 25.6% in 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 last quarter. Finally, US Bancorp DE lifted its holdings in Academy Sports and Outdoors by 280.0% in the 1st quarter. US Bancorp DE now owns 1,657 shares of the company's stock worth $76,000 after purchasing an additional 1,221 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on ASO. Morgan Stanley cut their price target on 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. Citigroup lowered their price objective 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. UBS Group lowered their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 4th. Bank of America lowered their price objective 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, Telsey Advisory Group boosted their price objective on Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $58.24.

Academy Sports and Outdoors Stock Down 1.1%

Shares of NASDAQ:ASO traded down $0.62 during mid-day trading on Thursday, reaching $54.53. 547,236 shares of the stock were exchanged, compared to its average volume of 1,648,921. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.63 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.97 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.61. The stock's 50 day simple moving average is $49.13 and its 200-day simple moving average is $46.36.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted 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). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.56%.

Insiders Place Their Bets

In other news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the completion of 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 this link. 3.62% of the stock is currently owned by corporate insiders.

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.