Stephens Investment Management Group LLC Has $43.33 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

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

Other large investors have also recently made changes to their positions in the company. AlphaQuest LLC grew its stake in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after acquiring an additional 496 shares during the period. TD Private Client Wealth LLC increased its stake in Academy Sports and Outdoors by 45.6% during the 1st 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 in the last quarter. LGT Financial Advisors LLC increased its stake 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. Nisa Investment Advisors LLC increased its stake in Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company's stock worth $66,000 after buying an additional 293 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after buying an additional 1,428 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. B. Riley dropped their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday, March 21st. Citigroup lowered 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. Bank of America lowered their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Finally, Robert W. Baird lowered their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.31.

Insiders Place Their Bets

In other news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was 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 represents a 38.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.62% of the company's stock.

Academy Sports and Outdoors Stock Performance

ASO stock traded up $0.71 during mid-day trading on Wednesday, reaching $52.02. The company had a trading volume of 1,515,394 shares, compared to its average volume of 1,606,284. 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 stock has a market capitalization of $3.46 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.96 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The stock's 50-day simple moving average is $44.77 and its two-hundred day simple moving average is $46.72.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued 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). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down .9% compared to the same quarter last year. 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 will be paid on Thursday, July 17th. Investors of record on Thursday, June 19th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.00%. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

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.