Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lessened its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 38.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,276 shares of the company's stock after selling 245,445 shares during the quarter. Lord Abbett & CO. LLC owned about 0.56% of Academy Sports and Outdoors worth $22,485,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its position in shares of Academy Sports and Outdoors by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company's stock valued at $8,648,000 after buying an additional 10,416 shares in the last quarter. Citigroup Inc. raised its position in Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock valued at $5,582,000 after purchasing an additional 38,155 shares during the period. FMR LLC lifted its stake in shares of Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company's stock worth $12,983,000 after purchasing an additional 39,134 shares during the period. Finally, LSV Asset Management increased its position in shares of Academy Sports and Outdoors by 4.2% during the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company's stock valued at $91,683,000 after purchasing an additional 69,700 shares during the last quarter.

Academy Sports and Outdoors Stock Up 1.2 %

NASDAQ ASO traded up $0.67 during trading on Monday, reaching $54.98. 1,566,853 shares of the company's stock traded hands, compared to its average volume of 1,471,826. The company's 50 day simple moving average is $51.41 and its two-hundred day simple moving average is $53.42. Academy Sports and Outdoors, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business's quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.38 EPS. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.80%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 7.22%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore ISI lowered shares of Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and dropped their price objective for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Wedbush reissued an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Loop Capital reaffirmed a "buy" rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of "Hold" and a consensus target price of $61.07.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on 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 of the company's stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

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.