Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Trust Investment Advisors

Trust Investment Advisors lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,172 shares of the company’s stock after selling 373 shares during the quarter. Trust Investment Advisors’ holdings in Academy Sports and Outdoors were worth $873,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ASO. FMR LLC boosted its holdings in Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Academy Sports and Outdoors during the fourth quarter worth about $52,402,000. Stephens Investment Management Group LLC lifted its holdings in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after acquiring an additional 737,212 shares during the period. American Century Companies Inc. boosted its position in Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company’s stock worth $72,068,000 after purchasing an additional 545,778 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $27,445,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group lowered their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Oppenheimer lowered their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Wedbush reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average price target of $60.38.

Academy Sports and Outdoors Stock Up 0.5 %

Shares of NASDAQ ASO opened at $50.03 on Wednesday. The stock has a market cap of $3.47 billion, a PE ratio of 8.22, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $68.96. The company has a 50-day moving average of $50.93 and a 200 day moving average of $53.09.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $2.21 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is currently 9.01%.

Academy Sports and Outdoors Company 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.