Janus Henderson Group PLC Sells 113,706 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Janus Henderson Group PLC lessened its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,938 shares of the company's stock after selling 113,706 shares during the period. Janus Henderson Group PLC owned 0.90% of Academy Sports and Outdoors worth $36,939,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in shares of Academy Sports and Outdoors by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company's stock worth $8,648,000 after purchasing an additional 10,416 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Academy Sports and Outdoors by 17.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 808,250 shares of the company's stock worth $43,040,000 after buying an additional 121,115 shares during the period. FMR LLC grew its position in shares of Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after buying an additional 1,422,971 shares during the last quarter. Citigroup Inc. increased its stake in shares of Academy Sports and Outdoors by 66.4% in the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock valued at $5,582,000 after buying an additional 38,155 shares during the period. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Academy Sports and Outdoors by 21.3% in the third quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company's stock worth $12,983,000 after acquiring an additional 39,134 shares during the period.

Insider Buying and Selling

In related 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 transaction of $74,400.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Up 2.2 %

ASO stock traded up $1.10 during midday trading on Friday, reaching $50.40. 1,982,716 shares of the company's stock traded hands, compared to its average volume of 1,448,086. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. The firm's fifty day moving average price is $51.75 and its 200-day moving average price is $53.48. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 0.95 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.01 EPS. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 6 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. Academy Sports and Outdoors's payout ratio is 6.79%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 11th. Truist Financial downgraded shares of Academy Sports and Outdoors from a "buy" rating to a "hold" rating and lowered their target price for the stock from $63.00 to $50.00 in a research note on Tuesday, November 19th. Morgan Stanley reaffirmed an "equal weight" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Evercore ISI lowered Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and lowered their price objective for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Finally, TD Cowen increased their price target on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a "hold" rating in a report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.21.

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.