Great Lakes Advisors LLC Sells 12,211 Shares of Academy Sports and Outdoors, Inc. $ASO

Key Points

• Great Lakes Advisors LLC reduced its stake in Academy Sports and Outdoors by 18.4%, now holding 54,084 shares valued at approximately $2.47 million.
• Academy Sports and Outdoors reported earnings per share of $0.76 for the last quarter, missing estimates by $0.13, while revenue fell 0.9% year-over-year.
• The company announced a quarterly dividend of $0.13 per share, with a payout ratio of 9.74%, set to be paid on October 9th to shareholders of record on September 11th.

Great Lakes Advisors LLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,084 shares of the company's stock after selling 12,211 shares during the period. Great Lakes Advisors LLC owned about 0.08% of Academy Sports and Outdoors worth $2,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in shares of Academy Sports and Outdoors by 37.4% in the fourth quarter. Captrust Financial Advisors now owns 22,279 shares of the company's stock valued at $1,282,000 after buying an additional 6,059 shares during the period. Deutsche Bank AG lifted its position in Academy Sports and Outdoors by 58.2% in the 4th quarter. Deutsche Bank AG now owns 66,332 shares of the company's stock valued at $3,816,000 after acquiring an additional 24,396 shares in the last quarter. Gotham Asset Management LLC boosted its stake in Academy Sports and Outdoors by 1.9% in the 4th quarter. Gotham Asset Management LLC now owns 26,113 shares of the company's stock worth $1,502,000 after purchasing an additional 481 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Academy Sports and Outdoors by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,215 shares of the company's stock worth $2,256,000 after purchasing an additional 558 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 40.7% in the 4th quarter. ProShare Advisors LLC now owns 20,789 shares of the company's stock valued at $1,196,000 after purchasing an additional 6,017 shares during the period.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction that occurred 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 directly 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 filing with the SEC, which is available at this link. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded down $1.55 on Friday, hitting $46.47. 1,873,696 shares of the stock were exchanged, compared to its average volume of 1,588,657. The company has a market capitalization of $3.10 billion, a PE ratio of 8.70, a P/E/G ratio of 0.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 0.33. The business's fifty day moving average is $52.05 and its 200 day moving average is $46.24. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.61.

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 for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's payout ratio is 9.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in 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 report on Wednesday, June 11th. Cowen reaffirmed a "hold" rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Evercore ISI boosted their price objective on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 26th. Finally, Citigroup downgraded shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and decreased their target price for the company from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.78.

Academy Sports and Outdoors Company 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.