Point72 Asia Singapore Pte. Ltd. Purchases New Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,438 shares of the company’s stock, valued at approximately $130,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Academy Sports and Outdoors in the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new position in Academy Sports and Outdoors in the 1st quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors in the 1st quarter valued at approximately $68,000. Kapitalo Investimentos Ltda purchased a new stake in Academy Sports and Outdoors during the 4th quarter valued at $73,000. Finally, Your Advocates Ltd. LLP increased its holdings in shares of Academy Sports and Outdoors by 117.3% in the 2nd quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock worth $91,000 after purchasing an additional 921 shares in the last quarter.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction on Tuesday, July 16th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the transaction, the director now owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 8,906 shares in the company, valued at $552,172. The disclosure for this sale can be found here. Corporate insiders own 2.19% of the company’s stock.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. TD Cowen boosted their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, September 11th. 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. Evercore ISI upped their price objective on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company raised their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average target price of $62.86.

Academy Sports and Outdoors Stock Down 0.6 %

ASO stock opened at $59.19 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The firm’s fifty day simple moving average is $54.88 and its 200-day simple moving average is $56.83. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The company has a market capitalization of $4.27 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.07. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $2.01 EPS. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 6.03 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a $0.11 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.74%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

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.