Trust Investment Advisors Decreases Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Trust Investment Advisors cut its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,172 shares of the company’s stock after selling 373 shares during the quarter. Trust Investment Advisors’ holdings in Academy Sports and Outdoors were worth $873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new position in shares of Academy Sports and Outdoors during the third quarter valued at approximately $40,000. AlphaQuest LLC grew its position in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after purchasing an additional 915 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after purchasing an additional 334 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $50.03 on Wednesday. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $68.96. The business’s fifty day simple moving average is $50.93 and its 200-day simple moving average is $53.09. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.47 billion, a PE ratio of 8.22, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company posted $2.21 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.04%. Academy Sports and Outdoors’s dividend payout ratio is presently 9.01%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ASO. Truist Financial lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Citigroup dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Oppenheimer decreased their target price on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Finally, Morgan Stanley dropped their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.38.

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.