Raymond James Financial Services Advisors Inc. Sells 1,158 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,347 shares of the company’s stock after selling 1,158 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Academy Sports and Outdoors were worth $947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC increased its stake in 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 in the last quarter. Captrust Financial Advisors increased its stake in Academy Sports and Outdoors by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after purchasing an additional 357 shares in the last quarter. KB Financial Partners LLC bought a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $84,000. SkyView Investment Advisors LLC bought a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $94,000. Finally, Ronald Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 449.1% in the third 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 Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Evercore ISI upped their price target on shares of Academy Sports and Outdoors from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Robert W. Baird upped their price target on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen reduced their price target on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.47.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $59.71 on Tuesday. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.86 and a beta of 1.35. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $67.80 and a 200 day simple moving average of $59.24. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, March 26th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.55%.

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.