Mutual of America Capital Management LLC Sells 354 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Mutual of America Capital Management LLC reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,046 shares of the company’s stock after selling 354 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ASO. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth about $25,933,000. Allspring Global Investments Holdings LLC grew its position in shares of Academy Sports and Outdoors by 2,687.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 300,277 shares of the company’s stock worth $14,194,000 after buying an additional 289,506 shares during the period. Pacifica Capital Investments LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $8,889,000. Loomis Sayles & Co. L P acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $7,380,000. Finally, Hennessy Advisors Inc. grew its position in shares of Academy Sports and Outdoors by 29.7% during the 3rd quarter. Hennessy Advisors Inc. now owns 438,300 shares of the company’s stock worth $20,718,000 after buying an additional 100,300 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ASO shares. Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. Wells Fargo & Company decreased their price objective on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Truist Financial reiterated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Evercore ISI decreased their price objective on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group assumed coverage on Academy Sports and Outdoors in a research report on Friday, April 12th. They issued a “buy” rating and a $85.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Academy Sports and Outdoors Trading Up 0.5 %

Shares of Academy Sports and Outdoors stock opened at $57.44 on Tuesday. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73. The stock has a market cap of $4.27 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.83 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $66.90 and its 200-day moving average is $59.68.

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 paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

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.