Los Angeles Capital Management LLC Has $948,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Los Angeles Capital Management LLC trimmed its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,473 shares of the company’s stock after selling 541 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ASO. FMR LLC boosted its holdings in Academy Sports and Outdoors by 15.3% during 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 in the last quarter. Stephens Investment Management Group LLC boosted its holdings in Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after purchasing an additional 737,212 shares in the last quarter. Royce & Associates LP boosted its holdings in Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock valued at $55,515,000 after purchasing an additional 365,929 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Academy Sports and Outdoors by 203.2% in the 3rd quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock worth $29,998,000 after acquiring an additional 344,466 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after acquiring an additional 197,384 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on ASO. Truist Financial boosted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on 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. 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 report on Wednesday, January 8th. Telsey Advisory Group dropped 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 research report on Thursday, December 5th. Finally, Citigroup began coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Price Performance

ASO opened at $49.59 on Friday. 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 12 month low of $44.73 and a 12 month high of $75.73. The company has a fifty day simple moving average of $54.34 and a 200 day simple moving average of $53.94. The stock has a market cap of $3.44 billion, a P/E ratio of 8.14, a P/E/G ratio of 1.02 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $1.38 EPS. Academy Sports and Outdoors’s quarterly revenue was down 3.9% on a year-over-year basis. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is presently 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.