Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,823 shares of the company's stock after selling 9,083 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Academy Sports and Outdoors worth $8,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC boosted its holdings in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after buying an additional 915 shares in the last quarter. LGT Financial Advisors LLC lifted its position in Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after acquiring an additional 843 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after acquiring an additional 1,428 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.4%

Shares of Academy Sports and Outdoors stock traded up $0.17 on Thursday, reaching $45.39. The company had a trading volume of 394,768 shares, compared to its average volume of 1,651,502. The firm's 50-day moving average price is $40.25 and its two-hundred day moving average price is $47.83. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.62. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.02 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.15%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ASO shares. Bank of America dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Citigroup dropped their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. Wedbush cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, UBS Group decreased their target price on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.31.

Academy Sports and Outdoors 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.