Intech Investment Management LLC Has $1.67 Million Stock Position in Academy Sports and Outdoors, Inc. $ASO

Intech Investment Management LLC trimmed its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 31.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,507 shares of the company’s stock after selling 15,259 shares during the quarter. Intech Investment Management LLC owned 0.05% of Academy Sports and Outdoors worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Academy Sports and Outdoors by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,879,904 shares of the company’s stock valued at $194,077,000 after purchasing an additional 46,305 shares in the last quarter. American Century Companies Inc. boosted its holdings in Academy Sports and Outdoors by 6.1% during the third quarter. American Century Companies Inc. now owns 2,176,853 shares of the company’s stock valued at $108,886,000 after purchasing an additional 125,398 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Academy Sports and Outdoors by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,006,467 shares of the company’s stock valued at $100,261,000 after purchasing an additional 5,933 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in Academy Sports and Outdoors by 12.6% during the fourth quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after purchasing an additional 176,463 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Academy Sports and Outdoors by 4.3% during the third quarter. Royce & Associates LP now owns 1,329,347 shares of the company’s stock valued at $66,494,000 after purchasing an additional 55,210 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ASO shares. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Guggenheim boosted their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Truist Financial set a $54.00 target price on Academy Sports and Outdoors in a report on Monday, April 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $61.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.87.

Insider Activity 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 on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total transaction of $240,000.00. Following the completion of the sale, the director owned 7,835 shares in the company, valued at approximately $470,100. The trade was a 33.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.62% of the company’s stock.

Academy Sports and Outdoors Stock Performance

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

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

Academy Sports and Outdoors Company Profile

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.