Stephens Investment Management Group LLC Sells 9,584 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Stephens Investment Management Group LLC reduced its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 950,096 shares of the company's stock after selling 9,584 shares during the period. Stephens Investment Management Group LLC owned approximately 1.43% of Academy Sports and Outdoors worth $43,334,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $52,402,000. Norges Bank bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $47,436,000. Hood River Capital Management LLC bought a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $42,320,000. American Century Companies Inc. grew its stake in shares of Academy Sports and Outdoors by 77.2% during the 4th 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 in the last quarter. Finally, Boston Partners bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $27,445,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $58.00 target price (down from $60.00) on shares of Academy Sports and Outdoors in a research note on Tuesday, June 10th. B. Riley decreased their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Evercore ISI decreased their target price on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company raised their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Truist Financial raised their target price on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Academy Sports and Outdoors has an average rating of "Moderate Buy" and an average target price of $56.31.

Academy Sports and Outdoors Stock Performance

Shares of ASO traded down $1.22 during midday trading on Friday, reaching $50.66. 970,981 shares of the stock were exchanged, compared to its average volume of 1,608,613. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.37 billion, a P/E ratio of 9.31, a PEG ratio of 0.94 and a beta of 1.29. The stock's 50 day simple moving average is $44.23 and its 200 day simple moving average is $46.85.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its 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). 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 period in the prior year, the business posted $1.08 EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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 paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.56%.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Christopher Lee Turner sold 4,400 shares of the business'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 completion of the transaction, the director owned 7,084 shares of the company's stock, valued at approximately $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.62% of the stock is currently owned by company insiders.

Academy Sports and Outdoors Company 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.