Loomis Sayles & Co. L P Sells 6,485 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Loomis Sayles & Co. L P lowered its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 165,870 shares of the company’s stock after selling 6,485 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Academy Sports and Outdoors were worth $9,680,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. bought a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $174,054,000. Dimensional Fund Advisors LP raised its holdings in Academy Sports and Outdoors by 19.4% during 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 last quarter. LSV Asset Management boosted its position in 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 buying an additional 69,700 shares during the period. King Luther Capital Management Corp increased its position in shares of Academy Sports and Outdoors by 1.9% in the second quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock valued at $85,903,000 after acquiring an additional 29,912 shares during the period. Finally, Westwood Holdings Group Inc. increased its holdings in Academy Sports and Outdoors by 7.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock valued at $70,915,000 after purchasing an additional 90,651 shares during the period.

Academy Sports and Outdoors Stock Up 1.7 %

Shares of Academy Sports and Outdoors stock opened at $48.85 on Thursday. The company has a 50-day simple moving average of $53.24 and a two-hundred day simple moving average of $53.73. 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 debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The stock has a market capitalization of $3.43 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37.

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

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were issued a $0.11 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.90%. Academy Sports and Outdoors’s payout ratio is 6.79%.

Insider Buying and Selling at Academy Sports and Outdoors

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wells Fargo & Company raised their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Loop Capital reaffirmed a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.57.

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.