Charles Schwab Investment Management Inc. Has $43.83 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Charles Schwab Investment Management Inc. grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 751,043 shares of the company’s stock after buying an additional 8,613 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.07% of Academy Sports and Outdoors worth $43,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Academy Sports and Outdoors during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $58,000. Finally, Nisa Investment Advisors LLC increased its position in Academy Sports and Outdoors by 53.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after acquiring an additional 421 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASO. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and decreased their price target for the company from $63.00 to $50.00 in a research note on Tuesday, November 19th. Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Loop Capital restated a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Finally, Jefferies Financial Group lowered their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus target price of $61.57.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $49.25 on Monday. The firm’s 50 day simple moving average is $52.76 and its 200 day simple moving average is $53.62. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business posted $2.01 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’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 sale, the director now directly owns 8,906 shares in the company, valued at $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.19% of the company’s stock.

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.