Blue Trust Inc. Acquires 334 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Blue Trust Inc. raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,591 shares of the company’s stock after purchasing an additional 334 shares during the quarter. Blue Trust Inc.’s holdings in Academy Sports and Outdoors were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings 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 valued at $118,092,000 after purchasing an additional 50,715 shares during the period. Citigroup Inc. grew its stake in shares of Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after acquiring an additional 38,155 shares during the period. FMR LLC increased its holdings in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock valued at $12,983,000 after acquiring an additional 39,134 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in Academy Sports and Outdoors during the third quarter valued at about $633,000.

Academy Sports and Outdoors Stock Up 1.5 %

Shares of NASDAQ:ASO opened at $51.98 on Thursday. The firm has a market capitalization of $3.61 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73. The firm has a fifty day moving average of $54.50 and a 200 day moving average of $53.94.

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

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup started coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. TD Cowen boosted their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Company Profile

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.