Swiss National Bank Has $8.22 Million Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Swiss National Bank decreased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,900 shares of the company’s stock after selling 5,400 shares during the quarter. Swiss National Bank owned about 0.20% of Academy Sports and Outdoors worth $8,223,000 at the end of the most recent quarter.

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

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $49.44 on Tuesday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The stock’s 50-day moving average is $53.78 and its 200-day moving average is $53.83. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors (NASDAQ:ASO) last issued 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. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.57 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 earnings per share. Equities analysts predict that Academy Sports and Outdoors, Inc. will post 6.01 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 $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.79%.

Wall Street Analyst Weigh In

ASO has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Jefferies Financial Group decreased their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Finally, TD Cowen lifted their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.57.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total value of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by company insiders.

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.