Blue Trust Inc. Decreases Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Blue Trust Inc. lessened its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,430 shares of the company’s stock after selling 338 shares during the period. Blue Trust Inc.’s holdings in Academy Sports and Outdoors were worth $94,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ASO. Advisory Services Network LLC lifted its stake in shares of Academy Sports and Outdoors by 139.2% in the first quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock valued at $27,000 after purchasing an additional 245 shares during the period. Captrust Financial Advisors lifted its position in shares of Academy Sports and Outdoors by 55.0% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after acquiring an additional 357 shares during the period. KB Financial Partners LLC acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth approximately $84,000. SkyView Investment Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors in the 2nd quarter worth approximately $94,000. Finally, Ronald Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 449.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,768 shares of the company’s stock valued at $84,000 after purchasing an additional 1,446 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Telsey Advisory Group cut their target price on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Wells Fargo & Company lowered their price target on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. B. Riley reiterated a “buy” rating and issued a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.81.

Check Out Our Latest Report on ASO

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $63.38 on Thursday. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73. The stock has a 50 day moving average of $68.32 and a 200-day moving average of $58.40. The stock has a market cap of $4.72 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th will be paid a dividend of $0.11 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.44 annualized dividend and a yield of 0.69%. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Academy Sports and Outdoors Company Profile

(Free Report)

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.

See Also

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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