Captrust Financial Advisors Raises Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Captrust Financial Advisors increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 37.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,279 shares of the company’s stock after purchasing an additional 6,059 shares during the period. Captrust Financial Advisors’ holdings in Academy Sports and Outdoors were worth $1,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ASO. AlphaQuest LLC raised its holdings in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after buying an additional 915 shares during the last quarter. LGT Financial Advisors LLC grew its holdings in shares of Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after buying an additional 1,000 shares during 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 valued at $69,000 after acquiring an additional 843 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock valued at $93,000 after acquiring an additional 1,428 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASO. Wedbush lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Oppenheimer lowered their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Robert W. Baird cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Morgan Stanley lowered their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Finally, Truist Financial set a $45.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.75.

Academy Sports and Outdoors Stock Down 1.4%

ASO stock opened at $45.87 on Thursday. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.05 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.02 and a beta of 1.29. The company’s 50-day moving average price is $41.64 and its 200 day moving average price is $48.78.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company earned $2.21 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio 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.