Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,639 shares of the company’s stock after selling 4,618 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Academy Sports and Outdoors were worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. bought a new stake in Academy Sports and Outdoors during the second quarter valued at $174,054,000. Dimensional Fund Advisors LP boosted its holdings in shares of Academy Sports and Outdoors by 19.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after buying an additional 481,640 shares during the period. Royce & Associates LP grew its position in shares of Academy Sports and Outdoors by 62.5% during the 3rd quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock valued at $55,515,000 after buying an additional 365,929 shares during the last quarter. Marshall Wace LLP acquired a new stake in Academy Sports and Outdoors during the second quarter worth about $10,224,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Academy Sports and Outdoors by 43.4% in the second quarter. The Manufacturers Life Insurance Company now owns 612,175 shares of the company’s stock worth $32,598,000 after acquiring an additional 185,295 shares during the last quarter.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $49.44 on Tuesday. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.48 billion, a P/E ratio of 7.63, a PEG ratio of 0.90 and a beta of 1.37. The business’s 50-day moving average price is $53.78 and its 200 day moving average price is $53.83.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.01 EPS. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed 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. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $63.00 to $50.00 in a report on Tuesday, November 19th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.57.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’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 completion of the transaction, the director now directly owns 8,906 shares in the company, valued at $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors 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.