Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 68.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,200 shares of the company's stock after selling 19,953 shares during the quarter. Denali Advisors LLC's holdings in Academy Sports and Outdoors were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in shares of Academy Sports and Outdoors by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock worth $212,807,000 after purchasing an additional 404,863 shares in the last quarter. LSV Asset Management raised its stake in Academy Sports and Outdoors by 14.2% during the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock valued at $111,611,000 after buying an additional 241,100 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in Academy Sports and Outdoors by 1.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,464,630 shares of the company's stock valued at $84,260,000 after buying an additional 14,997 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after purchasing an additional 545,778 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Academy Sports and Outdoors in the 4th quarter worth $47,436,000.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction 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 sale, the director directly owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Down 0.3%

ASO stock traded down $0.14 during trading on Friday, hitting $54.12. 1,478,386 shares of the company's stock traded hands, compared to its average volume of 1,605,459. The firm has a market capitalization of $3.60 billion, a P/E ratio of 9.95, a PEG ratio of 1.01 and a beta of 1.29. The business has a fifty day simple moving average of $45.60 and a two-hundred day simple moving average of $46.63. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts anticipate 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 disclosed 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 0.96%. Academy Sports and Outdoors's payout ratio is currently 9.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ASO shares. Morgan Stanley reduced their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Wells Fargo & Company increased their price target on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Evercore ISI lowered their price target on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Telsey Advisory Group reissued an "outperform" rating and issued 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. Finally, UBS Group decreased their price objective on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, June 4th. 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 a consensus rating of "Moderate Buy" and a consensus price target 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.