Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 63.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,383 shares of the company's stock after selling 9,374 shares during the quarter. SG Americas Securities LLC's holdings in Academy Sports and Outdoors were worth $314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in Academy Sports and Outdoors by 3.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company's stock worth $548,000 after acquiring an additional 250 shares in the last quarter. Trust Investment Advisors boosted its holdings in shares of Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company's stock valued at $800,000 after purchasing an additional 266 shares during the period. Great Valley Advisor Group Inc. grew its stake in Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company's stock worth $409,000 after purchasing an additional 269 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Academy Sports and Outdoors by 10.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,011 shares of the company's stock worth $160,000 after purchasing an additional 290 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Academy Sports and Outdoors by 2.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,715 shares of the company's stock valued at $726,000 after purchasing an additional 296 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ASO shares. 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. Loop Capital reiterated a "buy" rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, TD Cowen increased their price objective on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "hold" rating in a research note on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.50.

Academy Sports and Outdoors Stock Up 1.3 %

Academy Sports and Outdoors stock traded up $0.71 during midday trading on Friday, reaching $56.09. The company's stock had a trading volume of 702,666 shares, compared to its average volume of 1,451,769. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The stock has a market capitalization of $4.05 billion, a P/E ratio of 8.58, a PEG ratio of 1.04 and a beta of 1.34. The stock's 50-day simple moving average is $55.92 and its 200-day simple moving average is $55.39. Academy Sports and Outdoors, Inc. has a 52-week low of $43.07 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.96 by $0.07. The firm had revenue of $1.55 billion during 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%. Academy Sports and Outdoors's revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $2.01 EPS. On average, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 6.03 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 6.73%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm's stock in a transaction dated 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 in the company, valued at $552,172. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.