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 holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.08% of Academy Sports and Outdoors worth $2,467,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ASO. Westwood Holdings Group Inc. boosted its stake in Academy Sports and Outdoors by 36.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,992,997 shares of the company's stock worth $90,901,000 after acquiring an additional 528,367 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Academy Sports and Outdoors by 33.7% in the first quarter. American Century Companies Inc. now owns 1,675,428 shares of the company's stock worth $76,416,000 after buying an additional 422,729 shares in the last quarter. Nuveen LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter worth approximately $13,453,000. Brandywine Global Investment Management LLC bought a new position in shares of Academy Sports and Outdoors in the first quarter worth approximately $11,396,000. Finally, LSV Asset Management lifted its stake in shares of Academy Sports and Outdoors by 12.5% in the first quarter. LSV Asset Management now owns 2,182,341 shares of the company's stock worth $99,537,000 after buying an additional 242,300 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on ASO shares. Wells Fargo & Company reiterated a "positive" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Citigroup downgraded shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $55.00 to $50.00 in a research note on Wednesday, September 3rd. Evercore ISI upped their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 26th. Loop Capital set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, July 21st. Finally, UBS Group restated a "neutral" rating and set a $52.00 price objective on shares of Academy Sports and Outdoors in a research report on Sunday, August 31st. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $58.78.

Academy Sports and Outdoors Price Performance

ASO stock traded up $0.04 during trading on Tuesday, hitting $46.50. 251,812 shares of the company's stock traded hands, compared to its average volume of 1,648,758. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. The business has a fifty day simple moving average of $52.02 and a 200 day simple moving average of $46.17. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.94 and a beta of 1.30.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, September 11th. This represents a $0.52 annualized dividend and a yield of 1.1%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.74%.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value 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 trade represents a 38.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.62% of the company's stock.

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.