Tidal Investments LLC decreased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 27.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,225 shares of the company’s stock after selling 10,910 shares during the quarter. Tidal Investments LLC’s holdings in Academy Sports and Outdoors were worth $1,330,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. WINTON GROUP Ltd lifted its position in Academy Sports and Outdoors by 36.7% in the second quarter. WINTON GROUP Ltd now owns 34,477 shares of the company’s stock worth $1,625,000 after buying an additional 9,261 shares during the last quarter. Engineers Gate Manager LP bought a new position in Academy Sports and Outdoors during the second quarter valued at $1,332,000. Integrated Wealth Concepts LLC bought a new position in Academy Sports and Outdoors during the second quarter valued at $104,000. Baird Financial Group Inc. raised its stake in shares of Academy Sports and Outdoors by 4.9% in the second quarter. Baird Financial Group Inc. now owns 274,145 shares of the company’s stock valued at $12,920,000 after acquiring an additional 12,756 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Academy Sports and Outdoors in the second quarter valued at $119,000.
Academy Sports and Outdoors Trading Down 2.8%
Shares of ASO opened at $48.29 on Friday. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 0.35. Academy Sports and Outdoors, Inc. has a 1-year low of $41.29 and a 1-year high of $62.44. The company has a 50-day moving average of $47.60 and a 200 day moving average of $51.30.
Academy Sports and Outdoors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 16th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Academy Sports and Outdoors’s payout ratio is presently 10.00%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ASO. Barclays lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 10th. Truist Financial increased their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. BMO Capital Markets set a $42.00 price objective on shares of Academy Sports and Outdoors and gave the stock a “market perform” rating in a research note on Thursday, September 10th. Wells Fargo & Company upgraded Academy Sports and Outdoors from a “hold” rating to a “buy” rating in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. cut their target price on Academy Sports and Outdoors from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.29.
View Our Latest Report on Academy Sports and Outdoors
Insider Activity at Academy Sports and Outdoors
In related news, President Samuel J. Johnson sold 70,303 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $51.79, for a total value of $3,640,992.37. Following the transaction, the president owned 36,861 shares of the company’s stock, valued at $1,909,031.19. This represents a 65.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Marley sold 10,432 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $53.25, for a total value of $555,504.00. Following the transaction, the director owned 32,607 shares in the company, valued at $1,736,322.75. The trade was a 24.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 106,315 shares of company stock worth $5,576,537. 4.08% of the stock is owned by insiders.
About Academy Sports and Outdoors
Academy Sports and Outdoors, Inc is a sporting goods and outdoor recreation retailer based in Katy, Texas. The company operates stores and an e-commerce platform serving customers across the southern, southeastern and midwestern United States.
Its merchandise includes sporting goods and equipment, outdoor and adventure products, hunting and fishing gear, athletic and casual footwear, apparel, and related accessories. Academy serves a broad customer base through a value-oriented assortment of national brands and private-label products.
The company traces its history to 1938, when it was founded in San Antonio, Texas, as a small tire shop.
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