Natixis Advisors LLC Sells 1,031 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Natixis Advisors LLC cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,610 shares of the company’s stock after selling 1,031 shares during the period. Natixis Advisors LLC’s holdings in Academy Sports and Outdoors were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors in the third quarter worth $40,000. AlphaQuest LLC grew its stake in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares during the period. Parkside Financial Bank & Trust increased its position in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after acquiring an additional 334 shares in the last quarter.

Analyst Ratings Changes

ASO has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. TD Cowen boosted 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. Robert W. Baird dropped their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.13.

Academy Sports and Outdoors Stock Down 2.1 %

Academy Sports and Outdoors stock opened at $48.98 on Thursday. The firm has a 50 day moving average price of $50.86 and a 200-day moving average price of $53.06. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $43.16 and a twelve month high of $68.96. The company has a market capitalization of $3.40 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $2.21 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.06%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.01%.

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.