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

Denali Advisors LLC lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 68.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,200 shares of the company's stock after selling 19,953 shares during the period. 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Academy Sports and Outdoors in the 4th quarter worth $47,436,000. Hood River Capital Management LLC bought a new stake in Academy Sports and Outdoors during the 4th quarter valued at approximately $42,320,000. American Century Companies Inc. raised its stake in Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after purchasing an additional 545,778 shares during the period. Dimensional Fund Advisors LP raised its stake in Academy Sports and Outdoors by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock valued at $212,807,000 after purchasing an additional 404,863 shares during the period. Finally, 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 purchasing an additional 241,100 shares during the period.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore ISI dropped their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Citigroup dropped their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Morgan Stanley dropped their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. 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 eight have issued a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and a consensus target price of $56.63.

Academy Sports and Outdoors Trading Up 0.8%

ASO traded up $0.45 during trading hours on Wednesday, reaching $56.56. The company's stock had a trading volume of 300,790 shares, compared to its average volume of 1,604,635. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The business's 50-day moving average is $45.60 and its 200-day moving average is $46.56. The stock has a market cap of $3.76 billion, a PE ratio of 10.39, a P/E/G ratio of 1.01 and a beta of 1.29.

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 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 for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the firm posted $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were given a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 0.92%. Academy Sports and Outdoors's dividend payout ratio is presently 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.