3,521 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Bought by QRG Capital Management Inc.

QRG Capital Management Inc. bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,521 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Academy Sports and Outdoors by 4.6% in the third quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after purchasing an additional 196 shares during the last quarter. Daymark Wealth Partners LLC grew its position in shares of Academy Sports and Outdoors by 1.3% in the 3rd quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock valued at $899,000 after buying an additional 203 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Academy Sports and Outdoors by 3.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,201 shares of the company’s stock valued at $548,000 after buying an additional 250 shares during the period. Trust Investment Advisors raised its position in shares of Academy Sports and Outdoors by 1.8% during the second quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock worth $800,000 after acquiring an additional 266 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of Academy Sports and Outdoors by 3.6% in the second quarter. Great Valley Advisor Group Inc. now owns 7,673 shares of the company’s stock worth $409,000 after acquiring an additional 269 shares during the period.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Jefferies Financial Group cut their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Loop Capital restated a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.50.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction dated 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 sale, the director now owns 8,906 shares in the company, valued at $552,172. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $50.00 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $55.32 and a 200 day simple moving average of $54.57. Academy Sports and Outdoors, Inc. has a 12-month low of $44.56 and a 12-month high of $75.73. The company has a market cap of $3.52 billion, a P/E ratio of 7.83, a PEG ratio of 0.98 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.02 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 19th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.88%. Academy Sports and Outdoors’s payout ratio is 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.