Quantbot Technologies LP Has $2.44 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Quantbot Technologies LP decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,855 shares of the company’s stock after selling 5,375 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Academy Sports and Outdoors worth $2,443,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Academy Sports and Outdoors in the 3rd quarter valued at $633,000. Cerity Partners LLC lifted its position in Academy Sports and Outdoors by 127.8% in the 3rd quarter. Cerity Partners LLC now owns 116,264 shares of the company’s stock valued at $6,785,000 after acquiring an additional 65,220 shares in the last quarter. Citigroup Inc. lifted its position in Academy Sports and Outdoors by 66.4% in the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after acquiring an additional 38,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Academy Sports and Outdoors by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company’s stock valued at $43,831,000 after acquiring an additional 8,613 shares in the last quarter.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now owns 8,906 shares in the company, valued at $552,172. This represents a 11.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and cut their price target for the stock from $63.00 to $50.00 in a research report on Tuesday, November 19th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Hold” and an average price target of $61.57.

Academy Sports and Outdoors Stock Up 1.7 %

Shares of ASO opened at $48.85 on Friday. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. The firm has a market cap of $3.43 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.95 and a beta of 1.37. The firm’s 50-day simple moving average is $53.24 and its 200 day simple moving average is $53.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $2.01 EPS. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 6.01 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.90%. Academy Sports and Outdoors’s payout ratio is presently 6.79%.

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.