Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Quadrant Capital Group LLC

Posted by Defense World Staff on Jun 4th, 2023

Quadrant Capital Group LLC lowered its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,044 shares of the company’s stock after selling 340 shares during the period. Quadrant Capital Group LLC’s holdings in Academy Sports and Outdoors were worth $107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASO. Centaurus Financial Inc. grew its position in Academy Sports and Outdoors by 5.0% in the 3rd quarter. Centaurus Financial Inc. now owns 5,300 shares of the company’s stock valued at $224,000 after buying an additional 250 shares during the last quarter. Meritage Portfolio Management increased its stake in shares of Academy Sports and Outdoors by 3.6% during the fourth quarter. Meritage Portfolio Management now owns 7,309 shares of the company’s stock worth $384,000 after acquiring an additional 251 shares during the period. Envestnet Asset Management Inc. raised its holdings in Academy Sports and Outdoors by 1.7% during the third quarter. Envestnet Asset Management Inc. now owns 17,774 shares of the company’s stock worth $750,000 after purchasing an additional 302 shares in the last quarter. Captrust Financial Advisors lifted its position in Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after purchasing an additional 357 shares during the period. Finally, Amalgamated Bank boosted its holdings in Academy Sports and Outdoors by 0.9% in the 3rd quarter. Amalgamated Bank now owns 38,558 shares of the company’s stock valued at $1,626,000 after purchasing an additional 361 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Academy Sports and Outdoors Stock Up 5.7 %

ASO opened at $51.37 on Friday. The firm has a market cap of $3.96 billion, a P/E ratio of 6.85, a PEG ratio of 0.53 and a beta of 1.16. The business’s fifty day simple moving average is $74.32 and its 200 day simple moving average is $77.51. Academy Sports and Outdoors, Inc. has a 52 week low of $32.86 and a 52 week high of $69.02. The company has a quick ratio of 0.39, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.16. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Academy Sports and Outdoors had a net margin of 9.82% and a return on equity of 41.09%. During the same period last year, the company earned $1.61 EPS. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 7.28 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, June 14th. Academy Sports and Outdoors’s dividend payout ratio is presently 4.80%.

Analyst Ratings Changes

ASO has been the topic of a number of analyst reports. Gordon Haskett assumed coverage on Academy Sports and Outdoors in a research note on Friday, April 28th. They issued an “accumulate” rating and a $73.00 price target on the stock. Oppenheimer upped their price target on shares of Academy Sports and Outdoors from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, March 17th. Guggenheim raised their price objective on shares of Academy Sports and Outdoors from $70.00 to $73.00 in a research note on Monday, May 1st. Cowen initiated coverage on shares of Academy Sports and Outdoors in a research report on Thursday, February 16th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Cowen assumed coverage on shares of Academy Sports and Outdoors in a research report on Thursday, February 16th. They set an “outperform” rating and a $72.00 price target for the company. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and an average target price of $73.80.

About Academy Sports and Outdoors

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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.