Academy Sports and Outdoors, Inc. $ASO Shares Sold by Impala Asset Management LLC

Key Points

• Impala Asset Management LLC reduced its holdings in Academy Sports and Outdoors by 15.2%, selling 54,849 shares and retaining a total of 305,151 shares.
• Academy Sports and Outdoors posted $0.76 EPS for the most recent quarter, missing expectations of $0.89, with revenue down 0.9% year-over-year.
• The company announced a quarterly dividend of $0.13 per share, representing an annualized yield of 1.1%.

Impala Asset Management LLC lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,151 shares of the company's stock after selling 54,849 shares during the period. Academy Sports and Outdoors makes up about 9.0% of Impala Asset Management LLC's investment portfolio, making the stock its 6th largest holding. Impala Asset Management LLC owned approximately 0.46% of Academy Sports and Outdoors worth $13,918,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Focus Partners Wealth raised its position in shares of Academy Sports and Outdoors by 71.6% during the first quarter. Focus Partners Wealth now owns 58,891 shares of the company's stock worth $2,686,000 after purchasing an additional 24,577 shares during the period. United Services Automobile Association acquired a new stake in Academy Sports and Outdoors during the 1st quarter worth about $223,000. Aristeia Capital L.L.C. purchased a new position in Academy Sports and Outdoors during the 1st quarter valued at about $242,000. Teza Capital Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 1st quarter valued at about $411,000. Finally, Shellback Capital LP lifted its position in shares of Academy Sports and Outdoors by 23.0% in the first quarter. Shellback Capital LP now owns 199,871 shares of the company's stock worth $9,116,000 after purchasing an additional 37,371 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ASO shares. Wells Fargo & Company reaffirmed a "positive" rating on shares of Academy Sports and Outdoors in a research report on Wednesday, September 3rd. Citigroup cut shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and lowered their price target for the company from $55.00 to $50.00 in a report on Wednesday, September 3rd. Evercore ISI upped their price target 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. 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. Finally, Guggenheim restated a "buy" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, September 8th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.78.

Insider Activity at Academy Sports and Outdoors

In other 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 shares were sold at an average price of $44.48, for a total value 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 can be accessed through this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Up 0.3%

Shares of NASDAQ:ASO traded up $0.14 on Monday, reaching $46.61. The company had a trading volume of 765,285 shares, compared to its average volume of 1,651,309. The stock has a market capitalization of $3.10 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.94 and a beta of 1.30. The stock has a 50-day moving average price of $52.05 and a 200 day moving average price of $46.19. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.61. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.74%.

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.