State of Alaska Department of Revenue Sells 1,748 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

State of Alaska Department of Revenue decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,854 shares of the company’s stock after selling 1,748 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Academy Sports and Outdoors worth $3,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Centaurus Financial Inc. grew its holdings in shares of Academy Sports and Outdoors by 3.6% in the first quarter. Centaurus Financial Inc. now owns 4,975 shares of the company’s stock worth $325,000 after purchasing an additional 175 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Academy Sports and Outdoors by 1.8% in the second quarter. Sunbelt Securities Inc. now owns 11,375 shares of the company’s stock valued at $615,000 after acquiring an additional 202 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in Academy Sports and Outdoors by 3.7% in the first quarter. Prospera Financial Services Inc now owns 6,026 shares of the company’s stock valued at $393,000 after acquiring an additional 213 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in Academy Sports and Outdoors by 14.2% in the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after acquiring an additional 245 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Academy Sports and Outdoors by 139.2% in the first quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock valued at $27,000 after acquiring an additional 245 shares in the last quarter.

Academy Sports and Outdoors Price Performance

ASO opened at $63.38 on Thursday. The stock has a 50-day moving average price of $68.32 and a 200-day moving average price of $58.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. The firm has a market cap of $4.72 billion, a PE ratio of 9.43, a P/E/G ratio of 0.89 and a beta of 1.35. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s payout ratio is currently 6.55%.

Analysts Set New Price Targets

Several research firms recently weighed in on ASO. Telsey Advisory Group cut their price target on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Truist Financial reiterated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. TD Cowen cut their price target on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, Wells Fargo & Company lowered their price objective on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.81.

Check Out Our Latest Analysis on ASO

Academy Sports and Outdoors Company Profile

(Free Report)

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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