Handelsbanken Fonder AB Has $1.17 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Handelsbanken Fonder AB cut its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 20,400 shares of the company’s stock after selling 1,800 shares during the period. Handelsbanken Fonder AB’s holdings in Academy Sports and Outdoors were worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in Academy Sports and Outdoors by 49.3% in the third quarter. Creative Planning now owns 23,196 shares of the company’s stock valued at $1,354,000 after buying an additional 7,657 shares during the period. Raymond James & Associates increased its holdings in shares of Academy Sports and Outdoors by 2.3% during the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock worth $2,341,000 after acquiring an additional 892 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Academy Sports and Outdoors by 45.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,754 shares of the company’s stock valued at $589,000 after acquiring an additional 3,060 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Academy Sports and Outdoors by 53.7% during 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 last quarter. Finally, Strategic Blueprint LLC bought a new position in Academy Sports and Outdoors during the third quarter worth $286,000.

Analyst Ratings Changes

ASO has been the topic of several research analyst reports. Citigroup started 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 objective on the stock. Wedbush reissued an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Robert W. Baird dropped their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $49.92 on Friday. The stock has a market capitalization of $3.46 billion, a PE ratio of 8.20, a P/E/G ratio of 1.02 and a beta of 1.23. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. 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 business has a fifty day moving average price of $54.46 and a two-hundred day moving average price of $53.92.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 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.