Everence Capital Management Inc. Sells 11,110 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Everence Capital Management Inc. cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 69.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,920 shares of the company’s stock after selling 11,110 shares during the period. Everence Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after purchasing an additional 50,715 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Academy Sports and Outdoors by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock worth $8,648,000 after buying an additional 10,416 shares in the last quarter. Citigroup Inc. raised its position in Academy Sports and Outdoors by 66.4% in the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after buying an additional 38,155 shares during the last quarter. FMR LLC lifted its stake in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in Academy Sports and Outdoors by 21.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock worth $12,983,000 after acquiring an additional 39,134 shares during the last quarter.

Academy Sports and Outdoors Stock Up 1.7 %

Academy Sports and Outdoors stock opened at $57.57 on Wednesday. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The stock has a market cap of $4.00 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 1.25. The company’s 50-day moving average price is $52.47 and its two-hundred day moving average price is $53.75. The company has a quick ratio of 0.41, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is 7.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ASO shares. Wells Fargo & Company lifted their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Loop Capital reissued a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday, September 11th. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus price target of $61.33.

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.