Allianz Asset Management GmbH Sells 76,892 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Key Points

• Allianz Asset Management GmbH has reduced its stake in Academy Sports and Outdoors by 28.8%, selling 76,892 shares and owning 190,032 shares valued at approximately $8.67 million.
• Insider trading activity revealed that Director Christopher Lee Turner sold 4,400 shares for about $195,712, representing a 38.31% decrease in his holdings.
• Recent analyst reports show a mixed sentiment with price targets ranging from $38.00 to $60.00, while the stock currently holds a consensus rating of "Moderate Buy."

Allianz Asset Management GmbH trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 28.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,032 shares of the company's stock after selling 76,892 shares during the quarter. Allianz Asset Management GmbH owned 0.29% of Academy Sports and Outdoors worth $8,667,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its position in shares of 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 period. LGT Financial Advisors LLC increased its position 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 valued at $63,000 after buying an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock valued at $66,000 after acquiring an additional 293 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of 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 valued at $93,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Academy Sports and Outdoors by 203.0% during the first quarter. Blue Trust Inc. now owns 2,121 shares of the company's stock valued at $97,000 after acquiring an additional 1,421 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on ASO. UBS Group cut their target price 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. Citigroup dropped their target price 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. Truist Financial increased their price objective on Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research report on Wednesday, June 11th. Loop Capital set a $65.00 target price on Academy Sports and Outdoors in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and an average price target of $57.06.

Academy Sports and Outdoors Trading Down 3.1%

ASO stock traded down $1.65 during trading on Wednesday, reaching $52.21. The company had a trading volume of 1,527,957 shares, compared to its average volume of 1,315,189. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.61. The company has a market cap of $3.47 billion, a P/E ratio of 9.60, a PEG ratio of 1.01 and a beta of 1.29. The business has a 50 day moving average of $47.17 and a 200 day moving average of $46.56. 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 (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $1.08 EPS. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is 9.56%.

Insider Buying and Selling at Academy Sports and Outdoors

In other 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 value of $195,712.00. Following the transaction, the director owned 7,084 shares in the company, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.62% of the company's stock.

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.