Academy Sports and Outdoors, Inc. $ASO Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 21.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 116,982 shares of the company’s stock after selling 32,051 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Academy Sports and Outdoors were worth $5,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in Academy Sports and Outdoors by 105.8% during the 3rd quarter. Citigroup Inc. now owns 162,571 shares of the company’s stock worth $8,132,000 after purchasing an additional 83,572 shares during the period. Junto Capital Management LP acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $36,567,000. Fifth Third Bancorp grew its position in shares of Academy Sports and Outdoors by 9,627.2% during the 3rd quarter. Fifth Third Bancorp now owns 58,363 shares of the company’s stock valued at $2,919,000 after acquiring an additional 57,763 shares during the period. Heartland Advisors Inc. grew its position in shares of Academy Sports and Outdoors by 71.9% during the 3rd quarter. Heartland Advisors Inc. now owns 273,617 shares of the company’s stock valued at $13,686,000 after acquiring an additional 114,427 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Academy Sports and Outdoors by 6.1% during the 3rd quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock valued at $108,886,000 after acquiring an additional 125,398 shares during the period.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the completion of the sale, the director owned 7,835 shares in the company, valued at $470,100. This trade represents a 33.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.62% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Stock Down 0.4%

Shares of NASDAQ ASO opened at $52.59 on Tuesday. The company has a 50 day simple moving average of $54.54 and a 200-day simple moving average of $54.32. The company has a market capitalization of $3.39 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.44. Academy Sports and Outdoors, Inc. has a 1 year low of $39.87 and a 1 year high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.76 billion. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.94 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 20th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, March 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. Academy Sports and Outdoors’s payout ratio is 10.79%.

Wall Street Analyst Weigh In

ASO has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Jefferies Financial Group restated a “buy” rating and set a $61.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Barclays raised their target price on Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Guggenheim raised their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Finally, Stephens initiated coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Academy Sports and Outdoors has an average rating of “Hold” and a consensus price target of $59.87.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.