Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 62.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,441 shares of the company's stock after selling 54,322 shares during the period. Tabor Asset Management LP's holdings in Academy Sports and Outdoors were worth $1,480,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Xponance Inc. raised its stake in shares of Academy Sports and Outdoors by 5.7% in the 4th quarter. Xponance Inc. now owns 4,916 shares of the company's stock valued at $283,000 after purchasing an additional 266 shares during the period. CWM LLC lifted its holdings in shares of Academy Sports and Outdoors by 7.3% during the first quarter. CWM LLC now owns 3,888 shares of the company's stock worth $177,000 after buying an additional 266 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Academy Sports and Outdoors by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock valued at $678,000 after buying an additional 275 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Academy Sports and Outdoors by 4.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock worth $299,000 after purchasing an additional 283 shares in the last quarter. Finally, Moody National Bank Trust Division increased its holdings in Academy Sports and Outdoors by 1.7% in the 1st quarter. Moody National Bank Trust Division now owns 17,636 shares of the company's stock valued at $804,000 after buying an additional 287 shares during the period.

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 shares were 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 represents a 38.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group lowered their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research report on Wednesday, June 4th. Evercore ISI dropped their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Loop Capital set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday. Morgan Stanley reduced their target price on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company boosted their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and a consensus target price of $56.63.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded up $2.16 on Tuesday, hitting $56.11. The stock had a trading volume of 2,169,756 shares, compared to its average volume of 1,608,073. The business's 50-day simple moving average is $45.60 and its two-hundred day simple moving average is $46.56. 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 cap of $3.73 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.01 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $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 year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is presently 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.