Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,885 shares of the company’s stock after selling 284 shares during the quarter. CIBC Asset Management Inc’s holdings in Academy Sports and Outdoors were worth $402,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in shares of Academy Sports and Outdoors by 75.0% in the first quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company’s stock valued at $2,674,000 after acquiring an additional 16,970 shares during the period. Public Sector Pension Investment Board grew its holdings in Academy Sports and Outdoors by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock worth $8,648,000 after acquiring an additional 10,416 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Academy Sports and Outdoors by 17.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 808,250 shares of the company’s stock worth $43,040,000 after buying an additional 121,115 shares in the last quarter. Boston Partners purchased a new position in shares of Academy Sports and Outdoors in the first quarter worth approximately $1,000,000. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Academy Sports and Outdoors by 21.3% in the third quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock valued at $12,983,000 after purchasing an additional 39,134 shares in the last quarter.

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 firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ASO shares. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $76.00 to $53.00 in a research report on Monday, August 5th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group decreased their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Loop Capital reissued a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average target price of $61.57.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $45.63 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $54.23 and a 200 day moving average of $54.01. The stock has a market cap of $3.21 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.88 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73.

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

Academy Sports and Outdoors Announces Dividend

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

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.