Farther Finance Advisors LLC Boosts Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Farther Finance Advisors LLC increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 98.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 738 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in Academy Sports and Outdoors during the 2nd quarter worth approximately $174,054,000. Dimensional Fund Advisors LP increased its stake in shares of Academy Sports and Outdoors by 19.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after buying an additional 481,640 shares during the last quarter. LSV Asset Management raised its holdings in Academy Sports and Outdoors by 4.2% in the second quarter. LSV Asset Management now owns 1,721,741 shares of the company’s stock valued at $91,683,000 after acquiring an additional 69,700 shares in the last quarter. King Luther Capital Management Corp boosted its stake 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 valued at $85,903,000 after acquiring an additional 29,912 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings 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 in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ASO shares. Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group reduced their target price on 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. JPMorgan Chase & Co. lowered Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Finally, TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.50.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO opened at $49.29 on Friday. Academy Sports and Outdoors, Inc. has a 12-month low of $45.47 and a 12-month high of $75.73. The company has a market cap of $3.47 billion, a PE ratio of 7.63, a P/E/G ratio of 0.96 and a beta of 1.37. The stock has a 50 day simple moving average of $55.14 and a 200-day simple moving average of $54.46. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly 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. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm’s quarterly 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. On average, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.02 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is owned by insiders.

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.