Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stake Boosted by Headlands Technologies LLC

Headlands Technologies LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1,754.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,514 shares of the company’s stock after acquiring an additional 9,001 shares during the period. Headlands Technologies LLC’s holdings in Academy Sports and Outdoors were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $26,000. Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors in the first quarter worth approximately $68,000. EverSource Wealth Advisors LLC grew its position in Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after acquiring an additional 880 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth $73,000. Finally, Your Advocates Ltd. LLP raised its holdings in shares of Academy Sports and Outdoors by 117.3% during the 2nd quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock valued at $91,000 after purchasing an additional 921 shares in the last quarter.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total transaction of $33,906.25. Following the sale, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.

Analysts Set New Price Targets

ASO has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday. Evercore ISI boosted their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $55.90 on Friday. The firm has a market capitalization of $4.03 billion, a PE ratio of 8.55, a PEG ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The business’s 50 day moving average is $53.46 and its 200-day moving average is $57.76.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.01 earnings per share. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s payout ratio is currently 6.73%.

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.