Tabor Asset Management LP Decreases Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tabor Asset Management LP trimmed its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 62.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,441 shares of the company's stock after selling 54,322 shares during the quarter. Tabor Asset Management LP's holdings in Academy Sports and Outdoors were worth $1,480,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Academy Sports and Outdoors by 1.3% during the first quarter. Principal Financial Group Inc. now owns 345,718 shares of the company's stock valued at $15,768,000 after buying an additional 4,279 shares in the last quarter. Fund 1 Investments LLC acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at $4,929,000. Dynamic Technology Lab Private Ltd acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at $1,969,000. Wells Fargo & Company MN raised its holdings in Academy Sports and Outdoors by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock valued at $12,466,000 after acquiring an additional 22,146 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Academy Sports and Outdoors by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company's stock valued at $299,000 after acquiring an additional 283 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock traded down $1.28 during mid-day trading on Thursday, hitting $55.60. 460,105 shares of the company traded hands, compared to its average volume of 1,684,203. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.61. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The stock has a fifty day moving average price of $46.17 and a 200-day moving average price of $46.68.

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 business had revenue of $1.35 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $1.08 earnings per share. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.94%. Academy Sports and Outdoors's payout ratio is 9.56%.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Christopher Lee Turner sold 4,400 shares of the business'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 sale, the director directly owned 7,084 shares in the company, valued at approximately $315,096.32. The trade was a 38.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ASO shares. Citigroup lowered their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Truist Financial upped 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 report on Wednesday, June 11th. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Finally, Telsey Advisory Group upped their price objective on shares of Academy Sports and Outdoors from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.06.

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.