American International Group Inc. Sells 367 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

American International Group Inc. cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,108 shares of the company’s stock after selling 367 shares during the quarter. American International Group Inc. owned 0.05% of Academy Sports and Outdoors worth $2,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ASO. Jones Financial Companies Lllp purchased a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in Academy Sports and Outdoors during the first quarter valued at approximately $68,000. EverSource Wealth Advisors LLC lifted its holdings in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after purchasing an additional 880 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $73,000.

Academy Sports and Outdoors Trading Down 0.3 %

NASDAQ ASO opened at $53.29 on Monday. The firm’s 50-day moving average is $53.89 and its two-hundred day moving average is $60.66. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. The stock has a market capitalization of $3.84 billion, a P/E ratio of 8.15, a PEG ratio of 0.90 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its earnings results on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $1.19 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.35 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a yield of 0.83%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Wall Street Analyst Weigh In

ASO has been the subject of a number of research reports. UBS Group lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $81.00 to $58.00 in a research report on Wednesday, June 12th. Morgan Stanley dropped their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 12th. Wells Fargo & Company restated an “equal weight” rating and set a $55.00 target price (down previously from $80.00) on shares of Academy Sports and Outdoors in a research report on Wednesday, June 12th. TD Cowen dropped their target price on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. Finally, Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus price target of $67.87.

Get Our Latest Analysis on Academy Sports and Outdoors

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Profile

(Free Report)

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, and camping accessories and equipment,; 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, gun safes, optics, airguns, and hunting equipment.