SG Americas Securities LLC Sells 9,374 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

SG Americas Securities LLC reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 63.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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.

A number of other hedge funds have also added to or reduced their stakes in ASO. Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the first quarter worth approximately $68,000. Hennessy Advisors Inc. grew its position in shares of Academy Sports and Outdoors by 44.1% during the 1st quarter. Hennessy Advisors Inc. now owns 73,900 shares of the company’s stock valued at $4,991,000 after acquiring an additional 22,600 shares during the period. Symphony Financial Ltd. Co. bought a new position in Academy Sports and Outdoors during the first quarter valued at $301,000. Aviance Capital Partners LLC boosted its holdings in Academy Sports and Outdoors by 4.5% in the 1st quarter. Aviance Capital Partners LLC now owns 51,647 shares of the company’s stock worth $3,488,000 after buying an additional 2,210 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Academy Sports and Outdoors by 74.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 687,135 shares of the company’s stock worth $46,410,000 after purchasing an additional 294,215 shares during the period.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the transaction, the director now directly owns 8,906 shares of the company’s stock, valued at approximately $552,172. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.19% of the company’s stock.

Analyst Ratings Changes

ASO has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Jefferies Financial Group reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. cut Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Loop Capital restated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, Evercore ISI downgraded shares of 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 research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.50.

Read Our Latest Research Report on ASO

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $56.09 on Friday. Academy Sports and Outdoors, Inc. has a 12 month low of $43.07 and a 12 month high of $75.73. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.05 billion, a PE ratio of 8.58, a P/E/G ratio of 1.04 and a beta of 1.34. The stock has a fifty day moving average price of $55.92 and a 200-day moving average price of $55.45.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

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

Academy Sports and Outdoors Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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