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

HighTower Advisors LLC grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,553 shares of the company’s stock after purchasing an additional 323 shares during the period. HighTower Advisors LLC’s holdings in Academy Sports and Outdoors were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Paloma Partners Management Co acquired a new stake in Academy Sports and Outdoors during the third quarter worth approximately $588,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Academy Sports and Outdoors by 45.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 244,749 shares of the company’s stock worth $14,284,000 after purchasing an additional 76,859 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Academy Sports and Outdoors in the third quarter valued at $874,000. Verition Fund Management LLC increased its stake in Academy Sports and Outdoors by 203.2% in the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock valued at $29,998,000 after purchasing an additional 344,466 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Academy Sports and Outdoors by 3.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,973 shares of the company’s stock worth $1,049,000 after buying an additional 569 shares during the period.

Academy Sports and Outdoors Trading Up 2.8 %

Shares of ASO opened at $57.20 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The stock has a market cap of $3.97 billion, a PE ratio of 9.39, a P/E/G ratio of 1.06 and a beta of 1.31. The stock’s 50-day moving average is $51.54 and its two-hundred day moving average is $53.39.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned $1.38 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.92 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 7.22%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ASO shares. Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group dropped their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Jefferies Financial Group decreased 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 report on Wednesday, September 11th. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Finally, Robert W. Baird cut their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.33.

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.