CFM Wealth Partners LLC Has $2.24 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

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

A number of other large investors have also made changes to their positions in the stock. AlphaQuest LLC increased its stake in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 1,041.7% during 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 during the period. Smartleaf Asset Management LLC boosted its holdings in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after acquiring an additional 843 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in 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 during the period.

Academy Sports and Outdoors Stock Up 0.5%

Shares of NASDAQ ASO traded up $0.25 during mid-day trading on Wednesday, reaching $47.41. The company had a trading volume of 1,248,454 shares, compared to its average volume of 1,610,969. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.83 and a beta of 1.29. The stock has a fifty day moving average of $42.48 and a two-hundred day moving average of $47.26. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released 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 analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is presently 9.56%.

Insider Buying and Selling

In other news, Director Christopher Lee Turner sold 4,400 shares of the company's 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 represents a 38.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Loop Capital dropped their target price on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird decreased 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. Morgan Stanley reduced their price target on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. B. Riley cut their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Evercore ISI lowered 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 research note on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $56.31.

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.