US Bancorp DE Has $27,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

US Bancorp DE lowered its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 90.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 459 shares of the company’s stock after selling 4,254 shares during the period. US Bancorp DE’s holdings in Academy Sports and Outdoors were worth $27,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. Future Financial Wealth Managment LLC bought a new position in Academy Sports and Outdoors during the third quarter worth $58,000. Nisa Investment Advisors LLC boosted its stake in 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 acquiring an additional 421 shares in the last quarter. GAMMA Investing LLC grew its holdings in Academy Sports and Outdoors by 54.5% in the third quarter. GAMMA Investing LLC now owns 1,293 shares of the company’s stock worth $75,000 after purchasing an additional 456 shares during the period. Finally, Your Advocates Ltd. LLP increased its position in Academy Sports and Outdoors by 117.3% in the 2nd quarter. Your Advocates Ltd. LLP now owns 1,706 shares of the company’s stock valued at $91,000 after buying an additional 921 shares in the last quarter.

Insider Buying and Selling

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares in the company, valued at $552,172. This represents a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.19% of the stock is currently owned by insiders.

Academy Sports and Outdoors Stock Down 2.5 %

ASO opened at $46.60 on Tuesday. Academy Sports and Outdoors, Inc. has a twelve month low of $45.47 and a twelve month high of $75.73. The company’s 50-day moving average price is $54.81 and its two-hundred day moving average price is $54.21. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.92 and a beta of 1.37. The company has a quick ratio of 0.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

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

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were paid 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 0.94%. Academy Sports and Outdoors’s payout ratio is 6.79%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ASO. Truist Financial upped their target price 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. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, September 11th. Wells Fargo & Company upped 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 research note on Wednesday, September 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.50.

About Academy Sports and Outdoors

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.