King Luther Capital Management Corp Sells 16,702 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

King Luther Capital Management Corp lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,592,253 shares of the company’s stock after selling 16,702 shares during the period. King Luther Capital Management Corp owned about 2.29% of Academy Sports and Outdoors worth $91,602,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares in the last quarter. Citigroup Inc. increased its holdings in Academy Sports and Outdoors by 66.4% in the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after acquiring an additional 38,155 shares in the last quarter. FMR LLC increased its holdings in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in Academy Sports and Outdoors in the 3rd quarter worth approximately $633,000. Finally, Verition Fund Management LLC grew its holdings in Academy Sports and Outdoors by 203.2% during the 3rd quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock valued at $29,998,000 after buying an additional 344,466 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASO shares. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Telsey Advisory Group cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Robert W. Baird lowered their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial increased their target price on 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. Finally, 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 for the company. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Up 2.7 %

NASDAQ:ASO opened at $50.56 on Tuesday. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $74.26. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The stock has a fifty day simple moving average of $53.13 and a 200-day simple moving average of $53.70. 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 (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. 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 (DPR) is currently 7.22%.

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.