Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 37.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,279 shares of the company's stock after purchasing an additional 6,059 shares during the period. Captrust Financial Advisors' holdings in Academy Sports and Outdoors were worth $1,282,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. AlphaQuest LLC grew its holdings 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 purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after buying an additional 915 shares in the last quarter. LGT Financial Advisors LLC increased its position in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC increased its position in Academy Sports and Outdoors by 242.9% in the fourth 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 boosted its holdings in Academy Sports and Outdoors by 724.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after buying an additional 1,428 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASO. Oppenheimer cut their price objective on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a report on Thursday, March 20th. Morgan Stanley reduced their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Finally, Truist Financial set a $45.00 price objective on Academy Sports and Outdoors in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.75.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded up $0.37 during mid-day trading on Tuesday, reaching $45.51. The company's stock had a trading volume of 141,817 shares, compared to its average volume of 1,711,754. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm has a market capitalization of $3.03 billion, a PE ratio of 7.47, a P/E/G ratio of 1.02 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.61. The stock has a fifty day moving average of $41.51 and a two-hundred day moving average of $48.62.

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, beating analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $2.21 earnings per share. The company's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio is currently 9.01%.

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.