Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Position Trimmed by Empirical Finance LLC

Empirical Finance LLC lowered its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,689 shares of the company’s stock after selling 375 shares during the period. Empirical Finance LLC’s holdings in Academy Sports and Outdoors were worth $557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its position in shares of 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 purchasing an additional 196 shares during the period. Simmons Bank raised its holdings in 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 buying an additional 200 shares during the period. HighTower Advisors LLC lifted its stake in Academy Sports and Outdoors by 6.2% during 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. boosted its holdings in shares of Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after buying an additional 334 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in shares of Academy Sports and Outdoors by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock worth $553,000 after acquiring an additional 362 shares in the last quarter.

Analyst Upgrades and Downgrades

ASO has been the subject of several research analyst reports. Truist Financial upped their price target on shares of 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. Citigroup assumed coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Robert W. Baird lowered their price target 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. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Eight 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, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Performance

ASO stock opened at $52.86 on Tuesday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 1.04 and a beta of 1.23. The firm has a 50 day moving average of $54.64 and a two-hundred day moving average of $53.87. 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.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company earned $1.38 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.83%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 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.