Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by State Street Corp

State Street Corp cut its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,855,309 shares of the company's stock after selling 54,583 shares during the period. State Street Corp owned 4.06% of Academy Sports and Outdoors worth $166,959,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 366 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $58,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company's stock worth $70,000 after purchasing an additional 421 shares in the last quarter.

Academy Sports and Outdoors Trading Up 1.9 %

NASDAQ:ASO traded up $1.01 on Friday, reaching $54.31. The company's stock had a trading volume of 1,472,332 shares, compared to its average volume of 1,470,817. Academy Sports and Outdoors, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The stock has a 50 day moving average price of $51.41 and a 200 day moving average price of $53.48. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31. The company has a quick ratio of 0.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. On average, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed 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 of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Academy Sports and Outdoors's payout ratio is currently 7.22%.

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 that occurred on Wednesday, September 18th. The shares were 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 owns 8,906 shares of the company's stock, valued at approximately $552,172. This trade 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 the SEC website. 2.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday. Truist Financial lifted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday. Morgan Stanley reissued an "equal weight" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Telsey Advisory Group lowered their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Finally, Evercore ISI cut shares of Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and reduced their target price for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.07.

Academy Sports and Outdoors 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.