Thompson Siegel & Walmsley LLC Sells 32,901 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Thompson Siegel & Walmsley LLC cut its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 20.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,100 shares of the company’s stock after selling 32,901 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Academy Sports and Outdoors were worth $7,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Landscape Capital Management L.L.C. bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $5,165,000. Intech Investment Management LLC bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth $1,167,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Academy Sports and Outdoors in the third quarter worth approximately $1,538,000. Banque Cantonale Vaudoise bought a new stake in Academy Sports and Outdoors in the 3rd quarter worth about $255,000. Finally, Aviance Capital Partners LLC raised its stake in shares of Academy Sports and Outdoors by 39.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 74,859 shares of the company’s stock worth $4,369,000 after purchasing an additional 21,160 shares during the period.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $45.63 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The stock’s fifty day moving average is $54.23 and its two-hundred day moving average is $54.01. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. The firm has a market capitalization of $3.21 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.96%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the transaction, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. This represents a 11.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASO. JPMorgan Chase & Co. cut Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $53.00 in a research report on Monday, August 5th. TD Cowen raised their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Truist Financial cut Academy Sports and Outdoors from a “buy” rating to a “hold” rating and lowered their target price for the company from $63.00 to $50.00 in a research note on Tuesday. Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Loop Capital reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and a consensus target price of $61.57.

Academy Sports and Outdoors Company Profile

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.