Swiss National Bank cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 16.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,500 shares of the company’s stock after selling 31,700 shares during the period. Swiss National Bank owned 0.21% of Academy Sports and Outdoors worth $10,668,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Academy Sports and Outdoors by 125.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,599 shares of the company’s stock valued at $1,018,000 after acquiring an additional 8,675 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Academy Sports and Outdoors by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 965,068 shares of the company’s stock worth $62,971,000 after buying an additional 25,487 shares during the period. Archer Investment Corp acquired a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $85,000. Tower Research Capital LLC TRC grew its position in shares of Academy Sports and Outdoors by 20.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 11,581 shares of the company’s stock worth $756,000 after buying an additional 1,933 shares during the period. Finally, Foster & Motley Inc. grew its position in shares of Academy Sports and Outdoors by 14.6% during the 1st quarter. Foster & Motley Inc. now owns 13,599 shares of the company’s stock worth $887,000 after buying an additional 1,728 shares during the period.
Academy Sports and Outdoors Trading Up 0.7 %
NASDAQ ASO opened at $49.94 on Friday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 0.63 and a beta of 1.16. Academy Sports and Outdoors, Inc. has a one year low of $40.67 and a one year high of $69.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 0.33. The business’s fifty day moving average is $54.97 and its 200-day moving average is $67.89.
Academy Sports and Outdoors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, June 15th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.72%. The ex-dividend date was Wednesday, June 14th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 5.14%.
Analysts Set New Price Targets
ASO has been the subject of several recent analyst reports. Gordon Haskett initiated coverage on shares of Academy Sports and Outdoors in a research report on Friday, April 28th. They set an “accumulate” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Academy Sports and Outdoors from $70.00 to $61.00 in a research report on Monday, June 5th. Telsey Advisory Group initiated coverage on shares of Academy Sports and Outdoors in a research report on Monday, August 14th. They set an “outperform” rating and a $72.00 price objective for the company. Robert W. Baird cut their target price on Academy Sports and Outdoors from $75.00 to $70.00 in a report on Wednesday, June 7th. Finally, TheStreet upgraded Academy Sports and Outdoors from a “c+” rating to a “b-” rating in a report on Monday, July 17th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.25.
View Our Latest Stock Analysis on ASO
Insider Buying and Selling
In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,065 shares of Academy Sports and Outdoors stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $49.23, for a total transaction of $52,429.95. Following the completion of the transaction, the director now owns 12,200 shares of the company’s stock, valued at approximately $600,606. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Academy Sports and Outdoors news, EVP Samuel J. Johnson sold 60,000 shares of Academy Sports and Outdoors stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $50.76, for a total transaction of $3,045,600.00. Following the completion of the transaction, the executive vice president now owns 76,124 shares of the company’s stock, valued at approximately $3,864,054.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey C. Tweedy sold 1,065 shares of Academy Sports and Outdoors stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $49.23, for a total value of $52,429.95. Following the transaction, the director now directly owns 12,200 shares of the company’s stock, valued at approximately $600,606. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,859 shares of company stock valued at $6,410,100. 3.56% of the stock is owned by insiders.
About Academy Sports and Outdoors
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.
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