Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,491 shares of the company’s stock after selling 2,924 shares during the period. Tidal Investments LLC’s holdings in Academy Sports and Outdoors were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ASO. Raymond James & Associates lifted its stake in Academy Sports and Outdoors by 1.4% during the second quarter. Raymond James & Associates now owns 39,224 shares of the company’s stock worth $2,089,000 after purchasing an additional 538 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Academy Sports and Outdoors by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 698,738 shares of the company’s stock worth $37,208,000 after buying an additional 6,507 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Academy Sports and Outdoors by 5.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,854 shares of the company’s stock valued at $1,590,000 after buying an additional 1,669 shares in the last quarter. Your Advocates Ltd. LLP raised its stake in 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 worth $91,000 after acquiring an additional 921 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Academy Sports and Outdoors by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,404 shares of the company’s stock valued at $927,000 after acquiring an additional 2,134 shares during the last quarter.

Academy Sports and Outdoors Stock Up 0.1 %

ASO opened at $55.64 on Monday. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The business has a 50-day moving average of $51.54 and a two-hundred day moving average of $53.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.31.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ASO shares. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Finally, Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and an average price target of $61.33.

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.