Intech Investment Management LLC Sells 15,259 Shares of Academy Sports and Outdoors, Inc. $ASO

Intech Investment Management LLC decreased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 31.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 33,507 shares of the company’s stock after selling 15,259 shares during the quarter. Intech Investment Management LLC’s holdings in Academy Sports and Outdoors were worth $1,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Academy Sports and Outdoors by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,879,904 shares of the company’s stock valued at $194,077,000 after acquiring an additional 46,305 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Academy Sports and Outdoors by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock valued at $108,886,000 after buying an additional 125,398 shares during the period. Geode Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock valued at $100,261,000 after buying an additional 5,933 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Academy Sports and Outdoors by 12.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after buying an additional 176,463 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Academy Sports and Outdoors by 4.3% in the 3rd quarter. Royce & Associates LP now owns 1,329,347 shares of the company’s stock valued at $66,494,000 after buying an additional 55,210 shares during the period.

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 7,835 shares in the company, valued at $470,100. This represents a 33.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $51.10 on Friday. The firm has a market cap of $3.30 billion, a PE ratio of 9.19, a PEG ratio of 0.80 and a beta of 1.04. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44. The company has a fifty day moving average price of $54.46 and a 200 day moving average price of $54.47.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). The company had revenue of $1.72 billion during 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%.Academy Sports and Outdoors’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Research analysts predict that Academy Sports and Outdoors, Inc. will post 5.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ASO shares. Barclays boosted their price target on shares of Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Guggenheim boosted their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Truist Financial set a $54.00 price target on shares of Academy Sports and Outdoors in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of Academy Sports and Outdoors from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company boosted their price target on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.87.

Academy Sports and Outdoors Company 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.