20,929 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the third quarter, Holdings Channel.com reports. The fund bought 20,929 shares of the company’s stock, valued at approximately $1,221,000.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors during the third quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the third quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its holdings in Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth approximately $58,000. Finally, Nisa Investment Advisors LLC raised 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 worth $70,000 after purchasing an additional 421 shares in the last quarter.

Wall Street Analyst Weigh In

ASO has been the topic of several research analyst reports. TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Truist Financial cut Academy Sports and Outdoors from a “buy” rating to a “hold” rating and cut their target price for the stock from $63.00 to $50.00 in a research report on Tuesday, November 19th. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Jefferies Financial Group dropped their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Loop Capital reiterated a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a research note 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. Based on data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Hold” and an average target price of $61.21.

Academy Sports and Outdoors Stock Up 0.0 %

Shares of Academy Sports and Outdoors stock opened at $50.41 on Tuesday. The company has a market cap of $3.54 billion, a P/E ratio of 7.78, a PEG ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73. The firm has a fifty day moving average of $51.75 and a two-hundred day moving average of $53.49.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the company earned $2.01 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 6 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.79%.

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 Academy Sports and Outdoors stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.

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.