Academy Sports and Outdoors, Inc. $ASO Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Academy Sports and Outdoors by 4.4%, owning approximately 196,823 shares valued at $8.98 million as of the latest SEC filing.
• Academy Sports and Outdoors reported a quarterly EPS of $0.76, missing estimates, and experienced a year-over-year revenue decline of 0.9% with a total revenue of $1.35 billion.
• The company has announced a quarterly dividend of $0.13 per share, yielding 1.1%, to be paid on October 9th, with an ex-dividend date of September 11th.

Rhumbline Advisers lowered its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,823 shares of the company's stock after selling 9,083 shares during the period. Rhumbline Advisers owned 0.30% of Academy Sports and Outdoors worth $8,977,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ASO. Your Advocates Ltd. LLP boosted its stake in shares of Academy Sports and Outdoors by 101.5% during the first quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Academy Sports and Outdoors by 45.6% during the first quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after buying an additional 362 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Academy Sports and Outdoors during the first quarter worth about $64,000. Nisa Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 25.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after buying an additional 293 shares during the period. Finally, US Bancorp DE lifted its position in Academy Sports and Outdoors by 280.0% during the first quarter. US Bancorp DE now owns 1,657 shares of the company's stock worth $76,000 after buying an additional 1,221 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley reduced their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Citigroup downgraded Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $55.00 to $50.00 in a research report on Wednesday, September 3rd. Evercore ISI raised their price objective on Academy Sports and Outdoors from $50.00 to $55.00 and gave the stock an "in-line" rating in a report on Tuesday, August 26th. Telsey Advisory Group restated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Tuesday, September 2nd. Finally, Truist Financial raised their price objective on Academy Sports and Outdoors from $47.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.78.

Academy Sports and Outdoors Stock Down 0.0%

Shares of NASDAQ:ASO traded down $0.02 during mid-day trading on Tuesday, hitting $46.44. 436,874 shares of the company traded hands, compared to its average volume of 1,650,137. The firm has a market cap of $3.09 billion, a P/E ratio of 8.68, a PEG ratio of 0.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 1.64. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.61. The firm's 50 day simple moving average is $52.02 and its 200 day simple moving average is $46.17.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 dividend yield of 1.1%. The ex-dividend date is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.74%.

Insider Activity at Academy Sports and Outdoors

In related news, Director Christopher Lee Turner sold 4,400 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director directly owned 7,084 shares in the company, 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 SEC, which can be accessed through this link. Insiders own 3.62% of the company's stock.

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.