CFM Wealth Partners LLC Sells 5,454 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

CFM Wealth Partners LLC trimmed its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,007 shares of the company's stock after selling 5,454 shares during the period. CFM Wealth Partners LLC owned 0.07% of Academy Sports and Outdoors worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. raised its position in shares of Academy Sports and Outdoors by 19.7% in the first quarter. Sunbelt Securities Inc. now owns 6,688 shares of the company's stock valued at $305,000 after purchasing an additional 1,101 shares during the period. Allspring Global Investments Holdings LLC raised its holdings 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 valued at $299,000 after acquiring an additional 283 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Academy Sports and Outdoors by 12.0% during the first quarter. Illinois Municipal Retirement Fund now owns 38,987 shares of the company's stock worth $1,778,000 after acquiring an additional 4,188 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Academy Sports and Outdoors by 4.4% during the first quarter. Bessemer Group Inc. now owns 325,721 shares of the company's stock worth $14,856,000 after acquiring an additional 13,761 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Academy Sports and Outdoors by 2.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,905 shares of the company's stock valued at $1,410,000 after purchasing an additional 691 shares during the period.

Insider Activity at Academy Sports and Outdoors

In other 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 now owns 7,084 shares of the company's stock, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASO shares. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Morgan Stanley decreased their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Telsey Advisory Group reissued an "outperform" rating and set a $58.00 price objective (down previously from $60.00) on shares of Academy Sports and Outdoors in a research note on Tuesday, June 10th. Wedbush reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.31.

Academy Sports and Outdoors Stock Up 1.8%

Shares of NASDAQ ASO opened at $46.51 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.62. The firm's 50-day moving average price is $42.12 and its 200-day moving average price is $47.37. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.86 and a beta of 1.28.

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 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 the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $1.08 EPS. The company's revenue was down .9% on a year-over-year basis. On average, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.56%.

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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