Janus Henderson Group PLC Has $36.94 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Janus Henderson Group PLC decreased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 15.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 632,938 shares of the company’s stock after selling 113,706 shares during the period. Janus Henderson Group PLC’s holdings in Academy Sports and Outdoors were worth $36,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ASO. Harbor Capital Advisors Inc. bought a new stake in Academy Sports and Outdoors in the third quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after acquiring an additional 366 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at approximately $58,000. Finally, Nisa Investment Advisors LLC grew its holdings in Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after purchasing an additional 421 shares during the period.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $50.40 on Friday. The company has a 50 day moving average of $51.93 and a 200-day moving average of $53.51. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.54 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.96 and a beta of 1.31. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results 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. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $2.01 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.87%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Truist Financial cut Academy Sports and Outdoors from a “buy” rating to a “hold” rating and decreased their target price for the company from $63.00 to $50.00 in a research note on Tuesday, November 19th. Loop Capital reaffirmed a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $61.21.

Insider Buying and Selling at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction 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 owns 8,906 shares in the company, valued at $552,172. This trade represents 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. Corporate insiders own 2.19% of the company’s stock.

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.