Rhumbline Advisers Has $8.98 Million Stake in Academy Sports and Outdoors, Inc. $ASO

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 trimmed 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 firm owned 196,823 shares of the company's stock after selling 9,083 shares during the period. Rhumbline Advisers owned about 0.30% of Academy Sports and Outdoors worth $8,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at $128,000. Villanova Investment Management Co LLC acquired a new stake in Academy Sports and Outdoors in the 1st quarter valued at $1,197,000. Focus Partners Wealth increased its stake in Academy Sports and Outdoors by 71.6% in the 1st quarter. Focus Partners Wealth now owns 58,891 shares of the company's stock valued at $2,686,000 after buying an additional 24,577 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Academy Sports and Outdoors during the 1st quarter worth about $223,000. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Academy Sports and Outdoors during the 1st quarter worth about $242,000.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $48.21 on Thursday. The company has a 50 day moving average of $52.05 and a 200-day moving average of $46.29. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.61. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.21 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 18.47% and a net margin of 6.21%.The business's revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. As a group, equities research analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio is currently 9.74%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the company's 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 completion of the transaction, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. This represents a 38.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASO shares. Monness Crespi & Hardt started coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They set a "buy" rating and a $65.00 price objective on the stock. Evercore ISI lifted their target price on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. UBS Group reaffirmed a "neutral" rating and set a $52.00 target price on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Finally, Cowen reaffirmed a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.78.

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.

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