Wells Fargo & Company MN Has $12.47 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Wells Fargo & Company MN raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 216,686 shares of the company's stock after acquiring an additional 22,146 shares during the quarter. Wells Fargo & Company MN owned about 0.31% of Academy Sports and Outdoors worth $12,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. raised its holdings in Academy Sports and Outdoors by 3.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock worth $378,000 after purchasing an additional 210 shares during the period. Nichols & Pratt Advisers LLP MA lifted its holdings in Academy Sports and Outdoors by 4.7% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock worth $322,000 after acquiring an additional 250 shares in the last quarter. Xponance Inc. increased its holdings in shares of Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after acquiring an additional 266 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock valued at $324,000 after purchasing an additional 323 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO traded up $1.20 during mid-day trading on Friday, reaching $37.85. 1,580,859 shares of the company were exchanged, compared to its average volume of 1,618,524. The stock has a market capitalization of $2.54 billion, a P/E ratio of 6.22, a P/E/G ratio of 1.02 and a beta of 1.26. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company's 50-day simple moving average is $45.70 and its 200-day simple moving average is $50.60. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business's revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. As a group, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is presently 9.01%.

Analyst Ratings Changes

ASO has been the subject of several research analyst reports. TD Cowen upped their price target 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. Robert W. Baird cut 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 Friday, March 21st. B. Riley cut their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Loop Capital decreased their price target on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.63.

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.