Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Focus Partners Wealth

Focus Partners Wealth lessened its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,314 shares of the company's stock after selling 23,619 shares during the quarter. Focus Partners Wealth's holdings in Academy Sports and Outdoors were worth $1,974,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC lifted its position in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after acquiring an additional 915 shares during the period. LGT Financial Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after purchasing an additional 843 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after purchasing an additional 1,428 shares in the last quarter.

Academy Sports and Outdoors Stock Down 0.4%

Shares of ASO stock traded down $0.18 during trading hours on Thursday, hitting $42.21. 168,193 shares of the company were exchanged, compared to its average volume of 1,638,077. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 1.02 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The business's 50-day simple moving average is $41.48 and its two-hundred day simple moving average is $48.55.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.21 EPS. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.23%. Academy Sports and Outdoors's payout ratio is presently 9.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASO. Truist Financial set a $45.00 price objective on Academy Sports and Outdoors in a research note on Wednesday, May 7th. Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Loop Capital dropped their price objective on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and an average target price of $57.75.

Academy Sports and Outdoors Company 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.