Everence Capital Management Inc. Has $283,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Everence Capital Management Inc. decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 69.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,920 shares of the company’s stock after selling 11,110 shares during the period. Everence Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Academy Sports and Outdoors in the third quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at approximately $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after buying an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors in the 3rd quarter valued at $58,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ASO shares. Citigroup started coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective for the company. Robert W. Baird reduced their price target on shares of 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. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Loop Capital reissued a “buy” rating and issued a $77.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, 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 report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.33.

Academy Sports and Outdoors Price Performance

Shares of ASO stock opened at $57.57 on Wednesday. The firm’s 50 day moving average price is $52.47 and its two-hundred day moving average price is $53.75. The stock has a market cap of $4.00 billion, a PE ratio of 9.45, a PEG ratio of 1.06 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) 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 return on equity of 23.32% and a net margin of 7.49%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. As a group, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.76%. Academy Sports and Outdoors’s dividend payout ratio is 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.