Envestnet Asset Management Inc. Purchases 19,617 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Envestnet Asset Management Inc. boosted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,938 shares of the company's stock after buying an additional 19,617 shares during the period. Envestnet Asset Management Inc. owned approximately 0.38% of Academy Sports and Outdoors worth $11,445,000 as of its most recent SEC filing.

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

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $54.12 on Friday. The company's fifty day simple moving average is $45.60 and its 200-day simple moving average is $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. The firm has a market cap of $3.60 billion, a PE ratio of 9.95, a P/E/G ratio of 1.01 and a beta of 1.29. 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 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $1.35 billion during 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 quarter in the prior year, the firm earned $1.08 earnings per share. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal 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 given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.56%.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of analyst reports. UBS Group cut their price target on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, June 4th. Citigroup cut their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. Loop Capital cut their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America lowered their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Finally, Morgan Stanley lowered 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 report on Wednesday, June 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.31.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction 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 directly owned 7,084 shares of the company's stock, valued at $315,096.32. The trade was a 38.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.62% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Profile

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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