Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 69.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 700 shares of the company’s stock after selling 1,557 shares during the period. Blue Trust Inc.’s holdings in Academy Sports and Outdoors were worth $40,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new position in Academy Sports and Outdoors during the third quarter valued at approximately $28,000. TD Private Client Wealth LLC acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 53.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after purchasing an additional 421 shares during the period. Finally, KBC Group NV boosted its holdings in Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock worth $122,000 after buying an additional 408 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $50.71 on Thursday. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. The business’s 50 day simple moving average is $54.57 and its 200-day simple moving average is $53.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.87%. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup initiated coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Robert W. Baird lowered their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Telsey Advisory Group dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Truist Financial upped their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $61.67.

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.