Jones Financial Companies Lllp Has $332,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Jones Financial Companies Lllp lifted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 80.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,765 shares of the company’s stock after acquiring an additional 2,575 shares during the quarter. Jones Financial Companies Lllp’s holdings in Academy Sports and Outdoors were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in Academy Sports and Outdoors by 2.6% during the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after buying an additional 50,715 shares during the last quarter. Citigroup Inc. increased its position in Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after buying an additional 38,155 shares during the last quarter. FMR LLC increased its position in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after buying an additional 1,422,971 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Academy Sports and Outdoors during the third quarter worth $633,000. Finally, Bank of New York Mellon Corp increased its position in Academy Sports and Outdoors by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after buying an additional 90,592 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have commented on ASO. TD Cowen increased their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Telsey Advisory Group lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird lowered their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Truist Financial raised their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Down 7.5 %

NASDAQ ASO opened at $46.78 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm has a 50-day simple moving average of $52.92 and a 200 day simple moving average of $53.65. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $74.26. The stock has a market cap of $3.25 billion, a PE ratio of 7.68, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. On average, research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The firm 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 boost 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 1.11%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

About Academy Sports and Outdoors

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.