Cambridge Investment Research Advisors Inc. Has $2.21 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cambridge Investment Research Advisors Inc. trimmed its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,519 shares of the company’s stock after selling 6,120 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Academy Sports and Outdoors were worth $2,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after buying an additional 880 shares during the period. GAMMA Investing LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth about $83,000. SkyView Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after buying an additional 245 shares during the period. BRYN MAWR TRUST Co acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $209,000. Finally, Quadrant Capital Group LLC grew its position in shares of Academy Sports and Outdoors by 58.0% during the 4th quarter. Quadrant Capital Group LLC now owns 3,186 shares of the company’s stock worth $210,000 after buying an additional 1,169 shares during the period.

Academy Sports and Outdoors Trading Down 0.5 %

Shares of Academy Sports and Outdoors stock opened at $57.41 on Tuesday. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73. The stock has a market cap of $4.24 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.88 and a beta of 1.40. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $58.69 and its 200-day moving average is $61.96.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Equities research analysts predict that Academy Sports and Outdoors, Inc. will post 6.65 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ASO shares. Wells Fargo & Company decreased their target price on Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. B. Riley reiterated a “buy” rating and set a $72.00 price objective (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. TD Cowen cut their price objective on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group cut their price objective on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Finally, Truist Financial reiterated a “buy” rating and set a $77.00 price objective 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 eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.88.

View Our Latest Report on ASO

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the transaction, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is owned by insiders.

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, 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.

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

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