Victory Capital Management Inc. Sells 8,795 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Victory Capital Management Inc. decreased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 22.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,499 shares of the company’s stock after selling 8,795 shares during the period. Victory Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $1,442,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Paragon Advisors LLC lifted its position in Academy Sports and Outdoors by 5.6% in the 3rd quarter. Paragon Advisors LLC now owns 13,275 shares of the company’s stock worth $627,000 after buying an additional 705 shares during the last quarter. United Capital Management of KS Inc. boosted its stake in shares of Academy Sports and Outdoors by 2.8% in the 3rd quarter. United Capital Management of KS Inc. now owns 73,201 shares of the company’s stock valued at $3,460,000 after purchasing an additional 2,026 shares in the last quarter. LSV Asset Management raised its position in Academy Sports and Outdoors by 3.0% in the 3rd quarter. LSV Asset Management now owns 1,286,686 shares of the company’s stock worth $60,822,000 after purchasing an additional 37,541 shares during the period. EFG Asset Management North America Corp. lifted its stake in Academy Sports and Outdoors by 11.8% in the third quarter. EFG Asset Management North America Corp. now owns 21,474 shares of the company’s stock worth $1,015,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Academy Sports and Outdoors by 17.4% during the third quarter. Empirical Finance LLC now owns 9,981 shares of the company’s stock valued at $472,000 after buying an additional 1,479 shares during the period.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $68.01 on Friday. The business has a fifty day moving average price of $62.78 and a 200-day moving average price of $54.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.62 and a quick ratio of 0.34. The company has a market capitalization of $5.04 billion, a PE ratio of 10.50, a PEG ratio of 0.90 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $69.02.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last released its quarterly earnings data on Thursday, November 30th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.20). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. Academy Sports and Outdoors had a net margin of 8.32% and a return on equity of 29.74%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. As a group, equities analysts expect that Academy Sports and Outdoors, Inc. will post 6.73 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.36 annualized dividend and a yield of 0.53%. Academy Sports and Outdoors’s dividend payout ratio is 5.56%.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,065 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.81, for a total transaction of $69,022.65. Following the sale, the director now directly owns 9,070 shares of the company’s stock, valued at $587,826.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of recent research reports. Truist Financial boosted their target price on Academy Sports and Outdoors from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Friday, December 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $72.00 price target on shares of Academy Sports and Outdoors in a report on Monday, November 27th. Morgan Stanley cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, December 1st. Finally, Wells Fargo & Company upped their price objective on shares of Academy Sports and Outdoors from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Check Out Our Latest Report on ASO

About Academy Sports and Outdoors

(Free Report)

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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