Mackenzie Financial Corp Cuts Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Mackenzie Financial Corp lowered its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,849 shares of the company’s stock after selling 620 shares during the quarter. Mackenzie Financial Corp’s holdings in Academy Sports and Outdoors were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after acquiring an additional 245 shares during the period. PFG Investments LLC grew its stake in Academy Sports and Outdoors by 7.9% during the third quarter. PFG Investments LLC now owns 4,402 shares of the company’s stock valued at $208,000 after acquiring an additional 321 shares in the last quarter. Invst LLC raised its holdings in shares of Academy Sports and Outdoors by 4.3% during the 3rd quarter. Invst LLC now owns 13,294 shares of the company’s stock worth $628,000 after acquiring an additional 542 shares in the last quarter. Swiss National Bank increased its holdings in shares of Academy Sports and Outdoors by 0.4% in the 3rd quarter. Swiss National Bank now owns 168,100 shares of the company’s stock worth $7,946,000 after buying an additional 600 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Academy Sports and Outdoors by 2.1% during the third quarter. Teacher Retirement System of Texas now owns 30,023 shares of the company’s stock worth $1,419,000 after buying an additional 605 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price target on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Telsey Advisory Group lowered their target price on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. TD Cowen dropped their target price on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Wells Fargo & Company reduced their price target on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Wedbush reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.82.

Academy Sports and Outdoors Stock Up 2.8 %

NASDAQ:ASO opened at $60.72 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73. The company has a market cap of $4.48 billion, a PE ratio of 9.04, a P/E/G ratio of 0.86 and a beta of 1.35. The company’s 50 day moving average is $66.19 and its two-hundred day moving average is $60.00.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.72%. Academy Sports and Outdoors’s payout ratio is 6.55%.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the sale, the director now owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.56% 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.