Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Holdings Boosted by Isthmus Partners LLC

Isthmus Partners LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 25.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,534 shares of the company's stock after buying an additional 10,519 shares during the period. Isthmus Partners LLC owned 0.08% of Academy Sports and Outdoors worth $2,350,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ASO. William Blair Investment Management LLC purchased a new stake in Academy Sports and Outdoors during the fourth quarter worth $52,402,000. Norges Bank acquired a new position in Academy Sports and Outdoors during the fourth quarter worth $47,436,000. Hood River Capital Management LLC acquired a new position in Academy Sports and Outdoors during the fourth quarter worth $42,320,000. American Century Companies Inc. raised its position in Academy Sports and Outdoors by 77.2% during the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after acquiring an additional 545,778 shares during the period. Finally, Boston Partners acquired a new position in Academy Sports and Outdoors during the fourth quarter worth $27,445,000.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the 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 in the company, valued at $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ASO. Wedbush cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. increased their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Bank of America lowered their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Morgan Stanley decreased their price target on shares of 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. Finally, Citigroup decreased their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $56.31.

Academy Sports and Outdoors Trading Down 2.4%

Shares of NASDAQ:ASO traded down $1.22 during trading on Friday, reaching $50.66. 970,981 shares of the stock 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 12-month low of $33.34 and a 12-month high of $64.62. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29. The firm's 50-day moving average price is $44.23 and its 200 day moving average price is $46.85.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 annualized dividend and a yield of 1.03%. Academy Sports and Outdoors's dividend payout ratio is presently 9.56%.

About Academy Sports and Outdoors

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.