Amalgamated Bank Sells 730 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Amalgamated Bank lessened its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,541 shares of the company’s stock after selling 730 shares during the quarter. Amalgamated Bank’s holdings in Academy Sports and Outdoors were worth $1,182,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Academy Sports and Outdoors by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after purchasing an additional 90,592 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in shares of Academy Sports and Outdoors by 85.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 14,969 shares of the company’s stock worth $861,000 after buying an additional 6,882 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter worth $371,000. Alberta Investment Management Corp purchased a new stake in Academy Sports and Outdoors during the fourth quarter valued at $967,000. Finally, Plan Group Financial LLC lifted its holdings in Academy Sports and Outdoors by 6.2% in the fourth quarter. Plan Group Financial LLC now owns 6,078 shares of the company’s stock valued at $350,000 after acquiring an additional 355 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ASO. Telsey Advisory Group cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Robert W. Baird cut their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Citigroup began coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Truist Financial upped their price objective 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $48.54 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The business has a 50-day moving average price of $54.17 and a 200-day moving average price of $53.93. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.38 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

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.