Nuveen Asset Management LLC cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 613,509 shares of the company’s stock after selling 116,502 shares during the quarter. Nuveen Asset Management LLC owned 0.77% of Academy Sports and Outdoors worth $25,878,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in Academy Sports and Outdoors by 124.0% during the 1st quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock worth $534,370,000 after purchasing an additional 7,507,589 shares in the last quarter. State Street Corp increased its stake in Academy Sports and Outdoors by 73.0% during the 1st quarter. State Street Corp now owns 2,834,137 shares of the company’s stock worth $111,872,000 after purchasing an additional 1,196,076 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Academy Sports and Outdoors by 11,157.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock worth $42,542,000 after purchasing an additional 1,070,181 shares in the last quarter. Renaissance Technologies LLC increased its stake in Academy Sports and Outdoors by 680.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock worth $45,212,000 after purchasing an additional 1,000,500 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Academy Sports and Outdoors by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock worth $372,817,000 after purchasing an additional 958,800 shares in the last quarter. 94.63% of the stock is owned by institutional investors.
Academy Sports and Outdoors Trading Up 0.3 %
Shares of Academy Sports and Outdoors stock opened at $59.33 on Thursday. The business has a fifty day simple moving average of $56.37 and a two-hundred day simple moving average of $50.16. Academy Sports and Outdoors, Inc. has a 1 year low of $25.10 and a 1 year high of $63.89. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.57 and a quick ratio of 0.32.
Academy Sports and Outdoors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, December 20th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, December 19th. Academy Sports and Outdoors’s dividend payout ratio is 4.23%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ASO. Loop Capital increased their target price on Academy Sports and Outdoors from $60.00 to $65.00 in a research note on Wednesday, December 14th. Stephens upped their price target on Academy Sports and Outdoors from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, December 8th. Guggenheim upped their price target on Academy Sports and Outdoors to $63.00 in a research report on Monday, December 12th. UBS Group upped their price target on Academy Sports and Outdoors from $60.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, December 8th. Finally, Cowen started coverage on Academy Sports and Outdoors in a research report on Thursday, February 16th. They set an “outperform” rating and a $72.00 price target for the company. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.08.
Insider Buying and Selling at Academy Sports and Outdoors
In other Academy Sports and Outdoors news, SVP Manish Maini sold 600 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $57.85, for a total transaction of $34,710.00. Following the completion of the sale, the senior vice president now owns 147,639 shares of the company’s stock, valued at approximately $8,540,916.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Academy Sports and Outdoors news, SVP Manish Maini sold 600 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $57.85, for a total transaction of $34,710.00. Following the transaction, the senior vice president now owns 147,639 shares in the company, valued at approximately $8,540,916.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael P. Mullican sold 81,008 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $55.45, for a total value of $4,491,893.60. Following the transaction, the chief financial officer now owns 105,582 shares in the company, valued at approximately $5,854,521.90. The disclosure for this sale can be found here. Insiders sold 241,004 shares of company stock valued at $13,579,581 in the last quarter. 3.51% of the stock is currently owned by insiders.
About Academy Sports and Outdoors
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
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