Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Position Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 98.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 738 shares of the company’s stock after acquiring an additional 366 shares during the quarter. Farther Finance Advisors LLC’s holdings in Academy Sports and Outdoors were worth $43,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the second quarter valued at $174,054,000. Dimensional Fund Advisors LP raised its position in Academy Sports and Outdoors by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock valued at $158,147,000 after buying an additional 481,640 shares during the period. LSV Asset Management lifted its stake in Academy Sports and Outdoors by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock worth $91,683,000 after acquiring an additional 69,700 shares in the last quarter. King Luther Capital Management Corp boosted its position in Academy Sports and Outdoors by 1.9% during the 2nd quarter. King Luther Capital Management Corp now owns 1,613,209 shares of the company’s stock worth $85,903,000 after acquiring an additional 29,912 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in Academy Sports and Outdoors by 7.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,331,744 shares of the company’s stock worth $70,915,000 after acquiring an additional 90,651 shares during the period.

Insiders Place Their Bets

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

Academy Sports and Outdoors Stock Performance

ASO opened at $49.29 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. The company has a market cap of $3.47 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. The stock has a 50-day moving average of $55.14 and a 200-day moving average of $54.46. Academy Sports and Outdoors, Inc. has a 52-week low of $45.47 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the business earned $2.01 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.89%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Loop Capital restated a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. TD Cowen upped 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. Finally, Truist Financial lifted their price objective on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

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.