Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 89.2% in the third quarter, Holdings Channel reports. The fund owned 17,641 shares of the company’s stock after selling 145,302 shares during the period. Natixis Advisors LLC’s holdings in Academy Sports and Outdoors were worth $1,030,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ASO. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Jefferies Financial Group reduced their price target on shares of 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. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $63.00 to $50.00 in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.57.

Academy Sports and Outdoors Trading Down 2.9 %

NASDAQ:ASO opened at $48.01 on Wednesday. Academy Sports and Outdoors, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The firm has a market cap of $3.38 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $53.52 and a 200 day moving average price of $53.77.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) 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 last year, the company earned $2.01 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares in the company, valued at $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Company 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.