Tabor Asset Management LP Lowers Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tabor Asset Management LP decreased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,763 shares of the company's stock after selling 14,075 shares during the quarter. Academy Sports and Outdoors comprises 2.4% of Tabor Asset Management LP's holdings, making the stock its 20th largest holding. Tabor Asset Management LP owned approximately 0.13% of Academy Sports and Outdoors worth $4,991,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cullen Frost Bankers Inc. raised its position 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 valued at $378,000 after purchasing an additional 210 shares during the period. Nichols & Pratt Advisers LLP MA raised its holdings in shares of Academy Sports and Outdoors by 4.7% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock valued at $322,000 after buying an additional 250 shares during the period. Xponance Inc. lifted its stake in Academy Sports and Outdoors by 5.7% during the 4th 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. Blue Trust Inc. boosted its holdings 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 valued at $151,000 after acquiring an additional 334 shares during the period. Finally, Rafferty Asset Management LLC grew its position in Academy Sports and Outdoors by 4.8% in the 4th quarter. Rafferty Asset Management LLC now owns 7,613 shares of the company's stock valued at $438,000 after acquiring an additional 346 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $45.23 on Monday. The stock's 50-day simple moving average is $41.51 and its 200-day simple moving average is $48.66. The firm has a market capitalization of $3.01 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

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

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a $0.13 dividend. 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. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. Academy Sports and Outdoors's payout ratio is 9.01%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASO. UBS Group reduced their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Wells Fargo & Company upped their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Evercore ISI decreased their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus 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.

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