Landscape Capital Management L.L.C. Buys New Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Landscape Capital Management L.L.C. purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 88,496 shares of the company's stock, valued at approximately $5,165,000. Landscape Capital Management L.L.C. owned approximately 0.13% of Academy Sports and Outdoors at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Academy Sports and Outdoors by 75.0% in the first quarter. Russell Investments Group Ltd. now owns 39,589 shares of the company's stock valued at $2,674,000 after acquiring an additional 16,970 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Academy Sports and Outdoors by 3.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company's stock valued at $548,000 after purchasing an additional 250 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Academy Sports and Outdoors during the 1st quarter worth $348,000. Clearbridge Investments LLC grew its position in Academy Sports and Outdoors by 2.1% during the first quarter. Clearbridge Investments LLC now owns 184,902 shares of the company's stock valued at $12,488,000 after buying an additional 3,720 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in Academy Sports and Outdoors in the first quarter worth about $1,021,000.

Academy Sports and Outdoors Trading Down 1.7 %

Shares of Academy Sports and Outdoors stock opened at $45.26 on Thursday. The company has a 50 day simple moving average of $54.43 and a two-hundred day simple moving average of $54.06. The firm has a market cap of $3.18 billion, a PE ratio of 6.98, a PEG ratio of 0.92 and a beta of 1.37. Academy Sports and Outdoors, Inc. has a 1 year low of $44.73 and a 1 year high of $75.73. 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 - Get Free Report) last announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $2.01 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. Analysts expect that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders 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 dividend yield of 0.97%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 6.79%.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the completion of the sale, the director now owns 8,906 shares of the company's stock, valued at approximately $552,172. This represents a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Loop Capital restated a "buy" rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Truist Financial lowered shares of Academy Sports and Outdoors from a "buy" rating to a "hold" rating and cut their target price for the stock from $63.00 to $50.00 in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $76.00 to $53.00 in a report on Monday, August 5th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of "Hold" and an average price target of $61.57.

About Academy Sports and Outdoors

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.

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