Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has significantly reduced its holdings in Academy Sports and Outdoors by 73.4%, owning approximately $32.16 million worth of shares after selling over 1.9 million shares.
• Academy Sports and Outdoors recently reported a net income miss, earning $0.76 per share, which is lower than the consensus estimate of $0.89, alongside a 0.9% decrease in quarterly revenue year-over-year.
• A recent quarterly dividend of $0.13 per share was paid, translating to a 0.94% yield, indicating a modest return for investors amid fluctuations in stock performance.

Pacer Advisors Inc. trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 73.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 705,133 shares of the company's stock after selling 1,944,143 shares during the period. Pacer Advisors Inc. owned 1.06% of Academy Sports and Outdoors worth $32,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC raised its holdings in shares of Academy Sports and Outdoors by 45.6% in the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock valued at $53,000 after buying an additional 362 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of 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 last quarter. Sterling Capital Management LLC raised its holdings in shares of Academy Sports and Outdoors by 724.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after buying an additional 1,428 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Academy Sports and Outdoors by 203.0% in the first quarter. Blue Trust Inc. now owns 2,121 shares of the company's stock valued at $97,000 after buying an additional 1,421 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group upped their target price on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday. Loop Capital set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Monday, July 21st. Citigroup cut 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 report on Wednesday, June 4th. UBS Group cut their price target on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, June 4th. Finally, Bank of America cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and an average price target of $57.06.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of Academy Sports and Outdoors stock in a transaction 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 in the company, valued at $315,096.32. This trade represents a 38.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.62% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Price Performance

Shares of ASO stock traded down $0.22 during trading hours on Friday, hitting $55.48. The company's stock had a trading volume of 1,071,961 shares, compared to its average volume of 1,352,715. The business has a fifty day moving average of $46.57 and a 200-day moving average of $46.48. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 1.04 and a beta of 1.29. 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 current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $1.08 EPS. The firm's revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were issued a $0.13 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.94%. Academy Sports and Outdoors's dividend payout ratio (DPR) 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.