American Century Companies Inc. Raises Position in Academy Sports and Outdoors, Inc. $ASO

Key Points

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American Century Companies Inc. boosted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 33.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,675,428 shares of the company's stock after buying an additional 422,729 shares during the period. American Century Companies Inc. owned approximately 2.52% of Academy Sports and Outdoors worth $76,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in shares of Academy Sports and Outdoors by 1.3% during the first quarter. Principal Financial Group Inc. now owns 345,718 shares of the company's stock worth $15,768,000 after purchasing an additional 4,279 shares in the last quarter. Fund 1 Investments LLC bought a new stake in Academy Sports and Outdoors during the fourth quarter valued at approximately $4,929,000. Allspring Global Investments Holdings LLC grew its stake in Academy Sports and Outdoors by 4.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock worth $299,000 after buying an additional 283 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Academy Sports and Outdoors in the 4th quarter worth $2,342,000. Finally, GAMMA Investing LLC increased its holdings in shares of Academy Sports and Outdoors by 10,181.5% in the 1st quarter. GAMMA Investing LLC now owns 127,799 shares of the company's stock worth $5,829,000 after buying an additional 126,556 shares during the last quarter.

Academy Sports and Outdoors Trading Down 1.4%

Shares of ASO opened at $54.02 on Monday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 9.93, a PEG ratio of 1.01 and a beta of 1.30. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.61. 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 firm has a fifty day simple moving average of $49.58 and a two-hundred day simple moving average of $46.24.

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

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. Academy Sports and Outdoors's payout ratio is 9.56%.

Insider Activity

In related news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASO. Morgan Stanley dropped their price objective 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. Citigroup lowered their price target 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. Wells Fargo & Company upped their price objective on Academy Sports and Outdoors from $43.00 to $55.00 and gave the stock an "equal weight" rating in a report on Thursday. Telsey Advisory Group increased 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. Finally, UBS Group dropped their target price on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and a consensus price target of $58.24.

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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