Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stake Trimmed by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 26.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 126,667 shares of the company's stock after selling 44,501 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.17% of Academy Sports and Outdoors worth $8,360,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth $83,000. SkyView Investment Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company's stock valued at $93,000 after acquiring an additional 245 shares during the period. Avalon Capital Management purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $211,000. SG Americas Securities LLC acquired a new stake in shares of Academy Sports and Outdoors in the 4th quarter worth approximately $265,000. Finally, Breakwater Capital Group purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at approximately $265,000.

Academy Sports and Outdoors Trading Down 0.7 %

ASO traded down $0.40 during midday trading on Friday, hitting $56.70. The company's stock had a trading volume of 636,925 shares, compared to its average volume of 1,264,590. Academy Sports and Outdoors, Inc. has a 52-week low of $42.83 and a 52-week high of $75.73. The firm has a 50-day moving average price of $63.40 and a two-hundred day moving average price of $60.87. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.18 billion, a P/E ratio of 8.44, a PEG ratio of 0.83 and a beta of 1.40.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 21st. The company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.05). Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.65 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors's dividend payout ratio is presently 6.55%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Academy Sports and Outdoors from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, April 25th. B. Riley reaffirmed a "buy" rating and issued a $72.00 price target (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Wedbush reissued an "outperform" rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. JPMorgan Chase & Co. upped their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. Finally, Robert W. Baird raised their price target on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.88.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares in the company, valued at approximately $472,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.19% of the company's stock.

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.