Quadrature Capital Ltd Purchases Shares of 54,428 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Quadrature Capital Ltd purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 54,428 shares of the company’s stock, valued at approximately $3,674,000.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Academy Sports and Outdoors in the 4th quarter worth $47,768,000. Point72 Asset Management L.P. raised its holdings in Academy Sports and Outdoors by 36.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,089,067 shares of the company’s stock worth $137,878,000 after purchasing an additional 559,414 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Academy Sports and Outdoors in the 4th quarter worth $25,933,000. LSV Asset Management raised its holdings in Academy Sports and Outdoors by 28.4% in the 4th quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after purchasing an additional 365,855 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Academy Sports and Outdoors by 953.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 403,467 shares of the company’s stock worth $26,629,000 after purchasing an additional 365,168 shares in the last quarter.

Academy Sports and Outdoors Stock Down 0.3 %

Academy Sports and Outdoors stock traded down $0.14 during trading hours on Friday, hitting $53.29. The stock had a trading volume of 1,657,830 shares, compared to its average volume of 1,536,038. The company has a quick ratio of 0.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.84 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73. The stock’s 50-day moving average price is $53.89 and its 200-day moving average price is $60.68.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.35 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.83%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Analysts Set New Price Targets

ASO has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, June 12th. Bank of America lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $75.00 to $63.00 in a research note on Tuesday, June 11th. UBS Group cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Telsey Advisory Group reissued an “outperform” rating and set a $75.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, June 11th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $55.00 price target (down from $80.00) on shares of Academy Sports and Outdoors in a research report on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.87.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.19% of the company’s stock.

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.