American International Group Inc. lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,298 shares of the company’s stock after selling 3,204 shares during the quarter. American International Group Inc. owned 0.05% of Academy Sports and Outdoors worth $2,222,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Centaurus Financial Inc. boosted its stake in Academy Sports and Outdoors by 5.0% during the third quarter. Centaurus Financial Inc. now owns 5,300 shares of the company’s stock valued at $224,000 after buying an additional 250 shares in the last quarter. Meritage Portfolio Management increased its stake in Academy Sports and Outdoors by 3.6% in the 4th quarter. Meritage Portfolio Management now owns 7,309 shares of the company’s stock worth $384,000 after purchasing an additional 251 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Academy Sports and Outdoors by 1.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,774 shares of the company’s stock worth $750,000 after buying an additional 302 shares during the period. Captrust Financial Advisors lifted its stake in Academy Sports and Outdoors by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after buying an additional 357 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Academy Sports and Outdoors by 0.9% in the third quarter. Amalgamated Bank now owns 38,558 shares of the company’s stock worth $1,626,000 after buying an additional 361 shares during the period. Institutional investors own 94.63% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Robert W. Baird started coverage on shares of Academy Sports and Outdoors in a research report on Tuesday, March 21st. They issued an “outperform” rating and a $80.00 price target for the company. Morgan Stanley increased their target price on Academy Sports and Outdoors from $58.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, March 17th. JPMorgan Chase & Co. dropped their price target on Academy Sports and Outdoors from $70.00 to $61.00 in a research report on Monday. Gordon Haskett initiated coverage on Academy Sports and Outdoors in a research note on Friday, April 28th. They set an “accumulate” rating and a $73.00 target price on the stock. Finally, Loop Capital raised their price target on shares of Academy Sports and Outdoors from $65.00 to $73.00 in a report on Friday, March 17th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.
Academy Sports and Outdoors Stock Performance
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.16. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.79 billion. Academy Sports and Outdoors had a return on equity of 41.09% and a net margin of 9.82%. During the same quarter in the prior year, the firm posted $1.61 EPS. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 7.28 earnings per share for the current fiscal year.
Academy Sports and Outdoors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, June 14th. Academy Sports and Outdoors’s dividend payout ratio is 4.80%.
Academy Sports and Outdoors Company Profile
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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