Foster & Motley Inc. Has $1.33 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Foster & Motley Inc. increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,080 shares of the company’s stock after acquiring an additional 3,550 shares during the quarter. Foster & Motley Inc.’s holdings in Academy Sports and Outdoors were worth $1,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake 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 buying an additional 1,422,971 shares during the period. Pacer Advisors Inc. raised its position in shares of Academy Sports and Outdoors by 8.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares during the period. Geode Capital Management LLC raised its position in shares of Academy Sports and Outdoors by 2.6% during the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares during the period. Royce & Associates LP raised its position in shares of Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after purchasing an additional 365,929 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Academy Sports and Outdoors by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company’s stock worth $43,831,000 after purchasing an additional 8,613 shares during the period.

Academy Sports and Outdoors Stock Up 1.3 %

Shares of NASDAQ:ASO opened at $54.68 on Friday. The company has a market capitalization of $3.79 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The business has a fifty day moving average price of $54.11 and a two-hundred day moving average price of $54.04. Academy Sports and Outdoors, Inc. has a 1 year low of $44.73 and a 1 year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data 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 the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. Analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ASO shares. Citigroup started coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price on the stock. Telsey Advisory Group lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wedbush reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. TD Cowen upped their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.