CFM Wealth Partners LLC Sells 4,266 Shares of Academy Sports and Outdoors, Inc. $ASO

CFM Wealth Partners LLC decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,741 shares of the company’s stock after selling 4,266 shares during the quarter. CFM Wealth Partners LLC owned 0.07% of Academy Sports and Outdoors worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. bought a new stake in Academy Sports and Outdoors in the 2nd quarter worth approximately $219,000. SummerHaven Investment Management LLC increased its stake in Academy Sports and Outdoors by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 15,250 shares of the company’s stock worth $683,000 after acquiring an additional 376 shares during the last quarter. Washington Capital Management Inc. increased its stake in Academy Sports and Outdoors by 16.5% in the 2nd quarter. Washington Capital Management Inc. now owns 14,100 shares of the company’s stock worth $632,000 after acquiring an additional 2,000 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Academy Sports and Outdoors by 3.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 39,608 shares of the company’s stock worth $1,773,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Academy Sports and Outdoors by 8.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 55,649 shares of the company’s stock worth $2,494,000 after acquiring an additional 4,139 shares during the last quarter.

Academy Sports and Outdoors Price Performance

ASO opened at $54.06 on Tuesday. The business has a fifty day moving average of $50.91 and a 200 day moving average of $46.41. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $61.25. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.60 billion, a P/E ratio of 10.12, a PEG ratio of 1.08 and a beta of 1.28.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. Academy Sports and Outdoors’s payout ratio is 9.74%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company reaffirmed a “positive” rating on shares of Academy Sports and Outdoors in a research note on Wednesday, September 3rd. Evercore ISI dropped their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. UBS Group reiterated a “neutral” rating and issued a $52.00 target price on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, September 8th. Finally, Cowen reiterated a “hold” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus target price of $58.11.

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.