XTX Topco Ltd Sells 10,790 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

XTX Topco Ltd cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,139 shares of the company's stock after selling 10,790 shares during the period. XTX Topco Ltd's holdings in Academy Sports and Outdoors were worth $583,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ASO. AlphaQuest LLC grew its stake in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares during the period. Parkside Financial Bank & Trust grew its position in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after buying an additional 843 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 724.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after acquiring an additional 1,428 shares during the period. Finally, Blue Trust Inc. boosted its position in Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Citigroup lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. TD Cowen increased their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.63.

Academy Sports and Outdoors Price Performance

Shares of ASO traded up $0.73 during mid-day trading on Wednesday, hitting $37.61. 2,357,530 shares of the stock were exchanged, compared to its average volume of 1,625,170. The firm has a 50-day moving average of $45.05 and a two-hundred day moving average of $50.36. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The company has a market cap of $2.52 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $2.21 earnings per share. Academy Sports and Outdoors's quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

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.