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

Thompson Siegel & Walmsley LLC trimmed its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 20.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 129,100 shares of the company's stock after selling 32,901 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.18% of Academy Sports and Outdoors worth $7,534,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in ASO. Russell Investments Group Ltd. increased its holdings in shares of Academy Sports and Outdoors by 75.0% in the 1st 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 last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Academy Sports and Outdoors by 3.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company's stock worth $548,000 after purchasing an additional 250 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at about $348,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors in the 1st quarter valued at about $223,000. Finally, Quadrature Capital Ltd acquired a new position in Academy Sports and Outdoors during the first quarter worth approximately $3,674,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ASO. Truist Financial lowered Academy Sports and Outdoors from a "buy" rating to a "hold" rating and lowered their price target for the stock from $63.00 to $50.00 in a report on Tuesday. Loop Capital restated 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. Evercore ISI lowered shares of Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $76.00 to $53.00 in a report on Monday, August 5th. Finally, Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.57.

Academy Sports and Outdoors Trading Up 1.9 %

Shares of ASO traded up $0.85 on Friday, reaching $46.64. 1,520,266 shares of the company's stock were exchanged, compared to its average volume of 1,434,259. The business has a 50 day moving average price of $53.98 and a two-hundred day moving average price of $53.93. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The stock has a market capitalization of $3.28 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.01 earnings per share. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.94%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 6.79%.

Insider Transactions at Academy Sports and Outdoors

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

About Academy Sports and Outdoors

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.