XTX Topco Ltd Has $583,000 Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

XTX Topco Ltd lessened its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,139 shares of the company's stock after selling 10,790 shares during the quarter. XTX Topco Ltd's holdings in Academy Sports and Outdoors were worth $583,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in Academy Sports and Outdoors in the 4th quarter worth approximately $52,402,000. Norges Bank acquired a new stake in Academy Sports and Outdoors in the 4th quarter worth about $47,436,000. Stephens Investment Management Group LLC grew its holdings in Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock valued at $55,210,000 after buying an additional 737,212 shares during the period. American Century Companies Inc. increased its stake in shares of Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after acquiring an additional 545,778 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter worth about $27,445,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on ASO shares. Evercore ISI cut their price target on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. B. Riley cut their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. UBS Group dropped their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Loop Capital reduced their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $58.63.

Academy Sports and Outdoors Price Performance

ASO traded down $0.19 on Friday, reaching $37.86. The company had a trading volume of 252,503 shares, compared to its average volume of 1,618,318. The company has a market capitalization of $2.52 billion, a P/E ratio of 6.20, a PEG ratio of 1.02 and a beta of 1.26. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $44.42 and a 200-day moving average of $50.16. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.14. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business's revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.21 earnings per share. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.37%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is currently 9.01%.

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.