Point72 Asset Management L.P. Has $37.84 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Point72 Asset Management L.P. cut its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 64.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 710,589 shares of the company’s stock after selling 1,284,061 shares during the period. Point72 Asset Management L.P.’s holdings in Academy Sports and Outdoors were worth $37,839,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Academy Sports and Outdoors in the 4th quarter valued at about $26,000. Headlands Technologies LLC bought a new position in Academy Sports and Outdoors in the 1st quarter valued at about $35,000. Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors in the 1st quarter valued at about $68,000. Kapitalo Investimentos Ltda bought a new position in Academy Sports and Outdoors in the 4th quarter valued at about $73,000. Finally, Your Advocates Ltd. LLP lifted its position in Academy Sports and Outdoors by 117.3% in the 2nd quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock valued at $91,000 after acquiring an additional 921 shares in the last quarter.

Insider Activity at Academy Sports and Outdoors

In related 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 shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the transaction, the director now owns 10,106 shares of the company’s stock, valued at $548,250.50. The disclosure for this sale can be found here. 2.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $63.00 in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group dropped their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and an average target price of $62.86.

Academy Sports and Outdoors Trading Up 0.5 %

NASDAQ:ASO opened at $59.52 on Friday. 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 market capitalization of $4.18 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The firm’s 50 day moving average is $54.77 and its 200 day moving average is $56.90. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. Academy Sports and Outdoors’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio is 6.73%.

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.