678 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 678 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in Academy Sports and Outdoors during the 3rd quarter worth $40,000. Farther Finance Advisors LLC increased its position in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after buying an additional 366 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $58,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 53.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after acquiring an additional 421 shares during the period.

Academy Sports and Outdoors Stock Up 1.2 %

ASO stock opened at $54.98 on Tuesday. The firm has a 50-day moving average price of $51.41 and a 200-day moving average price of $53.42. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The company has a current ratio of 1.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.82 billion, a P/E ratio of 9.03, 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 data 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 during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total value of $74,400.00. Following the completion of the transaction, the director now directly owns 8,906 shares in the company, valued at approximately $552,172. This represents a 11.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.19% of the company’s stock.

Wall Street Analyst Weigh In

ASO has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Wells Fargo & Company raised their target price on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Loop Capital reiterated 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. Robert W. Baird lowered their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Truist Financial upped their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.07.

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.