Wedbush Securities Inc. Sells 1,000 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)


Wedbush Securities Inc. cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,236 shares of the company’s stock after selling 1,000 shares during the period. Wedbush Securities Inc.’s holdings in Academy Sports and Outdoors were worth $679,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Academy Sports and Outdoors by 523.3% during the fourth quarter. American Century Companies Inc. now owns 705,864 shares of the company’s stock valued at $30,987,000 after purchasing an additional 592,619 shares during the period. Pacer Advisors Inc. bought a new position in Academy Sports and Outdoors during the first quarter valued at $19,856,000. Chimera Capital Management LLC bought a new position in Academy Sports and Outdoors during the fourth quarter valued at $15,246,000. Hennessy Advisors Inc. bought a new position in Academy Sports and Outdoors during the fourth quarter valued at $12,845,000. Finally, Allianz Asset Management GmbH grew its holdings in Academy Sports and Outdoors by 180.1% during the fourth quarter. Allianz Asset Management GmbH now owns 422,848 shares of the company’s stock valued at $18,563,000 after purchasing an additional 271,864 shares during the period. 89.94% of the stock is owned by institutional investors.

Shares of ASO stock opened at $34.99 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.44 and a current ratio of 1.56. Academy Sports and Outdoors, Inc. has a 52-week low of $25.10 and a 52-week high of $51.08. The company has a market capitalization of $2.98 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.65. The business’s fifty day moving average is $35.62 and its 200 day moving average is $36.97.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its quarterly earnings results on Tuesday, June 7th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.32. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 7.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 16th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.86%. Academy Sports and Outdoors’s payout ratio is 4.30%.

Several equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 24th. The Goldman Sachs Group cut their price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, May 4th. Loop Capital raised their price target on Academy Sports and Outdoors from $43.00 to $50.00 in a report on Wednesday, March 30th. Stephens raised their price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. Finally, UBS Group cut their price target on Academy Sports and Outdoors to $55.00 in a report on Thursday, June 9th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Buy” and a consensus price target of $55.08.

About Academy Sports and Outdoors (Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating).

Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)



Receive News & Ratings for Academy Sports and Outdoors Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Academy Sports and Outdoors and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Stay in Touch

To follow the best weight loss journeys, success stories and inspirational interviews with the industry's top coaches and specialists. Start changing your life today!

spot_img

Related Articles