Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 89.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,641 shares of the company’s stock after selling 145,302 shares during the period. Natixis Advisors LLC’s holdings in Academy Sports and Outdoors were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ASO. Harbor Capital Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors in the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. Farther Finance Advisors LLC raised its stake in Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth about $58,000. Finally, Nisa Investment Advisors LLC grew its stake in Academy Sports and Outdoors by 53.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after purchasing an additional 421 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $48.01 on Wednesday. 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, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The business’s 50 day moving average is $53.52 and its two-hundred day moving average is $53.77. The company has a market capitalization of $3.38 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.90 and a beta of 1.37.

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, beating analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion for 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 business’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 EPS. Analysts expect that Academy Sports and Outdoors, Inc. will post 6.01 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.92%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ASO. Truist Financial cut Academy Sports and Outdoors from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $63.00 to $50.00 in a research note on Tuesday, November 19th. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Wells Fargo & Company increased their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Finally, TD Cowen upped their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.57.

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.