State of Alaska Department of Revenue Lowers Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

State of Alaska Department of Revenue lessened its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,958 shares of the company’s stock after selling 1,201 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Academy Sports and Outdoors worth $2,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in Academy Sports and Outdoors by 4.6% during the third quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after acquiring an additional 196 shares during the last quarter. Simmons Bank boosted its position in shares of Academy Sports and Outdoors by 1.9% during the 3rd quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after purchasing an additional 200 shares during the period. HighTower Advisors LLC grew its stake in shares of Academy Sports and Outdoors by 6.2% in the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock valued at $324,000 after buying an additional 323 shares in the last quarter. Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after purchasing an additional 334 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Academy Sports and Outdoors by 3.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock worth $553,000 after buying an additional 362 shares during the period.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of recent research reports. TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Truist Financial increased their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Wedbush reiterated 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. Finally, Citigroup assumed coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Stock Up 4.8 %

Shares of ASO opened at $52.86 on Tuesday. The company’s fifty day moving average is $54.64 and its two-hundred day moving average is $53.87. The firm has a market cap of $3.67 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. 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.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its 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). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $1.38 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.

Academy Sports and Outdoors 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.