Robotti Robert Sells 860 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Robotti Robert reduced its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,957 shares of the company’s stock after selling 860 shares during the quarter. Academy Sports and Outdoors comprises about 0.8% of Robotti Robert’s investment portfolio, making the stock its 27th biggest position. Robotti Robert’s holdings in Academy Sports and Outdoors were worth $4,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ASO. Geode Capital Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares during the last quarter. Citigroup Inc. boosted its position in shares of Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after buying an additional 38,155 shares during the period. FMR LLC grew its stake in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after buying an additional 1,422,971 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Academy Sports and Outdoors by 14.6% in 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 period. Finally, Qsemble Capital Management LP bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $633,000.

Academy Sports and Outdoors Stock Down 2.1 %

Shares of Academy Sports and Outdoors stock opened at $48.98 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.40 billion, a P/E ratio of 8.04, a PEG ratio of 1.02 and a beta of 1.25. The firm’s 50 day moving average price is $50.86 and its 200-day moving average price is $53.06. Academy Sports and Outdoors, Inc. has a 52-week low of $43.16 and a 52-week high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal 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 issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. B. Riley reduced their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Wedbush decreased their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Truist Financial increased their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.13.

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.