American Century Companies Inc. Has $5.16 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

American Century Companies Inc. reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 82.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,244 shares of the company’s stock after selling 519,048 shares during the period. American Century Companies Inc. owned about 0.15% of Academy Sports and Outdoors worth $5,164,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in Academy Sports and Outdoors by 139.2% during the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock valued at $27,000 after purchasing an additional 245 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock worth $40,000 after acquiring an additional 357 shares during the last quarter. KB Financial Partners LLC bought a new position in shares of Academy Sports and Outdoors in the second quarter worth about $84,000. SkyView Investment Advisors LLC bought a new position in shares of Academy Sports and Outdoors in the second quarter worth about $94,000. Finally, Ronald Blue Trust Inc. raised its stake in shares of Academy Sports and Outdoors by 449.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,768 shares of the company’s stock worth $84,000 after acquiring an additional 1,446 shares during the last quarter.

Academy Sports and Outdoors Stock Up 3.7 %

Academy Sports and Outdoors stock opened at $67.90 on Thursday. The company has a market cap of $5.05 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The company has a fifty day simple moving average of $68.20 and a 200 day simple moving average of $57.84. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.55%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ASO shares. Robert W. Baird boosted their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Morgan Stanley dropped their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, March 22nd. Evercore ISI boosted their price target on shares of Academy Sports and Outdoors from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Wells Fargo & Company dropped their price target on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, Truist Financial reissued a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.81.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,065 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.81, for a total value of $69,022.65. Following the completion of the sale, the director now owns 9,070 shares in the company, valued at $587,826.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.56% of the company’s stock.

Academy Sports and Outdoors Company 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, 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.