Legal & General Group Plc Sells 19,171 Shares of Academy Sports and Outdoors, Inc. $ASO

Legal & General Group Plc cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,819 shares of the company’s stock after selling 19,171 shares during the quarter. Legal & General Group Plc’s holdings in Academy Sports and Outdoors were worth $8,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Academy Sports and Outdoors by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,879,904 shares of the company’s stock worth $194,077,000 after acquiring an additional 46,305 shares during the period. American Century Companies Inc. grew its stake in shares of Academy Sports and Outdoors by 6.1% in the third quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock worth $108,886,000 after acquiring an additional 125,398 shares during the period. Royce & Associates LP grew its stake in shares of Academy Sports and Outdoors by 4.3% in the third quarter. Royce & Associates LP now owns 1,329,347 shares of the company’s stock worth $66,494,000 after acquiring an additional 55,210 shares during the period. Boston Partners grew its stake in shares of Academy Sports and Outdoors by 85.5% in the third quarter. Boston Partners now owns 1,302,141 shares of the company’s stock worth $65,416,000 after acquiring an additional 600,335 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Academy Sports and Outdoors by 44.0% in the third quarter. Bank of America Corp DE now owns 781,116 shares of the company’s stock worth $39,071,000 after acquiring an additional 238,778 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on ASO shares. JPMorgan Chase & Co. boosted their target price on shares of Academy Sports and Outdoors from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Guggenheim boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. UBS Group cut their target price on shares of Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.87.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the transaction, the director directly owned 7,835 shares in the company, valued at $470,100. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.62% of the stock is currently owned by insiders.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $51.10 on Friday. The firm has a 50 day moving average of $54.46 and a 200 day moving average of $54.47. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.04. Academy Sports and Outdoors, Inc. has a 12-month low of $41.29 and a 12-month high of $62.44.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.08). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.76 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.93 earnings per share for the current year.

About Academy Sports and Outdoors

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.