Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC lowered its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,461 shares of the company’s stock after selling 1,051 shares during the quarter. CFM Wealth Partners LLC owned approximately 0.08% of Academy Sports and Outdoors worth $3,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of Academy Sports and Outdoors by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 10,181 shares of the company’s stock valued at $543,000 after purchasing an additional 475 shares during the period. Truist Financial Corp raised its holdings in shares of Academy Sports and Outdoors by 45.4% in the second quarter. Truist Financial Corp now owns 7,495 shares of the company’s stock valued at $399,000 after buying an additional 2,342 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Academy Sports and Outdoors during the second quarter worth about $294,000. Handelsbanken Fonder AB increased its position in Academy Sports and Outdoors by 51.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,200 shares of the company’s stock valued at $1,296,000 after acquiring an additional 7,500 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Academy Sports and Outdoors by 54.5% in the third quarter. GAMMA Investing LLC now owns 1,293 shares of the company’s stock valued at $75,000 after purchasing an additional 456 shares during the period.

Academy Sports and Outdoors Trading Down 4.3 %

Shares of Academy Sports and Outdoors stock opened at $52.31 on Monday. The firm has a market cap of $3.63 billion, a PE ratio of 8.59, a P/E/G ratio of 1.21 and a beta of 1.25. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. The business’s fifty day moving average is $54.40 and its two-hundred day moving average is $54.02.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 earnings per share. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.84%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASO. Robert W. Baird lowered their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Citigroup assumed coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. TD Cowen boosted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.67.

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.