Greatmark Investment Partners Inc. Has $18.56 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Greatmark Investment Partners Inc. grew its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 34.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 406,815 shares of the company's stock after acquiring an additional 103,680 shares during the period. Academy Sports and Outdoors accounts for about 2.5% of Greatmark Investment Partners Inc.'s investment portfolio, making the stock its 13th biggest position. Greatmark Investment Partners Inc. owned approximately 0.61% of Academy Sports and Outdoors worth $18,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Xponance Inc. raised its holdings in Academy Sports and Outdoors by 5.7% during the 4th quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after purchasing an additional 266 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Academy Sports and Outdoors by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock worth $678,000 after buying an additional 275 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Academy Sports and Outdoors by 4.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock worth $299,000 after buying an additional 283 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Academy Sports and Outdoors by 1.7% in the first quarter. Moody National Bank Trust Division now owns 17,636 shares of the company's stock valued at $804,000 after buying an additional 287 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Academy Sports and Outdoors by 25.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock valued at $66,000 after buying an additional 293 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on ASO. Wells Fargo & Company lifted their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Morgan Stanley decreased 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. Evercore ISI dropped their price objective on 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. Wedbush cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Oppenheimer decreased their target price on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $56.31.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors 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 sale, the director owned 7,084 shares of the company's stock, valued at approximately $315,096.32. This trade represents a 38.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Stock Down 2.4%

ASO stock traded down $1.22 during mid-day trading on Friday, hitting $50.66. 970,981 shares of the company were exchanged, compared to its average volume of 1,608,613. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.62. The firm's 50 day simple moving average is $44.23 and its 200 day simple moving average is $46.85. The firm has a market cap of $3.37 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.94 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.56%.

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.