XTX Topco Ltd Takes Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

XTX Topco Ltd acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,929 shares of the company's stock, valued at approximately $1,221,000.

A number of other institutional investors have also recently made changes to their positions in ASO. CWM LLC lifted its stake in Academy Sports and Outdoors by 4.6% in the third quarter. CWM LLC now owns 4,480 shares of the company's stock worth $261,000 after acquiring an additional 196 shares during the period. Simmons Bank lifted its stake in Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company's stock worth $634,000 after acquiring an additional 200 shares during the period. Daymark Wealth Partners LLC lifted its stake in Academy Sports and Outdoors by 1.3% in the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company's stock worth $899,000 after acquiring an additional 203 shares during the period. Trust Investment Advisors lifted its stake in Academy Sports and Outdoors by 1.8% in the second quarter. Trust Investment Advisors now owns 15,030 shares of the company's stock worth $800,000 after acquiring an additional 266 shares during the period. Finally, Great Valley Advisor Group Inc. lifted 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 acquiring an additional 269 shares during the period.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors 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 completion of the sale, the director now owns 8,906 shares in the company, valued at $552,172. This trade represents a 11.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.19% of the stock is owned by company insiders.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded up $2.17 during trading hours on Tuesday, reaching $52.58. The stock had a trading volume of 4,171,298 shares, compared to its average volume of 1,460,514. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66. 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 50 day moving average price of $51.59 and a two-hundred day moving average price of $53.47. The stock has a market capitalization of $3.70 billion, a PE ratio of 7.78, a PEG ratio of 0.97 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm earned $1.38 EPS. The business's revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 6 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors's dividend payout ratio is currently 6.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ASO shares. Wells Fargo & Company increased their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. Truist Financial downgraded Academy Sports and Outdoors from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $63.00 to $50.00 in a report on Tuesday, November 19th. TD Cowen increased their price objective 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. Morgan Stanley restated an "equal weight" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, Evercore ISI downgraded Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and reduced their price target for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.