Steward Partners Investment Advisory LLC Has $321,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Steward Partners Investment Advisory LLC lifted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 94.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,862 shares of the company’s stock after buying an additional 2,358 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Academy Sports and Outdoors were worth $321,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in Academy Sports and Outdoors by 31.9% in the 4th quarter. Hsbc Holdings PLC now owns 98,898 shares of the company’s stock valued at $6,558,000 after acquiring an additional 23,945 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Academy Sports and Outdoors by 11.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 43,414 shares of the company’s stock worth $2,819,000 after buying an additional 4,322 shares in the last quarter. AXS Investments LLC bought a new position in Academy Sports and Outdoors in the 4th quarter valued at about $726,000. Pacifica Capital Investments LLC raised its position in shares of Academy Sports and Outdoors by 20.1% in the 4th quarter. Pacifica Capital Investments LLC now owns 225,830 shares of the company’s stock valued at $14,905,000 after buying an additional 37,776 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Academy Sports and Outdoors by 0.7% during the 4th quarter. King Luther Capital Management Corp now owns 1,552,823 shares of the company’s stock worth $102,486,000 after acquiring an additional 10,900 shares during the period.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

Academy Sports and Outdoors Trading Up 0.2 %

NASDAQ ASO opened at $55.04 on Friday. The firm has a market capitalization of $4.06 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The business’s 50-day moving average price is $57.77 and its two-hundred day moving average price is $62.06. 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 12 month low of $42.83 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last announced its earnings results on Thursday, March 21st. The company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.05). Academy Sports and Outdoors had a net margin of 8.43% and a return on equity of 28.99%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, analysts expect that Academy Sports and Outdoors, Inc. will post 6.68 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, June 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.55%.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Wedbush restated an “outperform” rating and set a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday. Telsey Advisory Group decreased their target price on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Truist Financial reissued a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Finally, Morgan Stanley decreased their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and a consensus target price of $74.43.

View Our Latest Stock Report on ASO

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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