Pacer Advisors Inc. Has $152.41 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacer Advisors Inc. raised its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,649,276 shares of the company’s stock after acquiring an additional 197,384 shares during the period. Pacer Advisors Inc. owned approximately 3.82% of Academy Sports and Outdoors worth $152,413,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ASO. Geode Capital Management LLC raised its stake in Academy Sports and Outdoors by 2.6% in 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 in the last quarter. Citigroup Inc. raised its position in shares of Academy Sports and Outdoors by 66.4% in the 3rd 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 in the last quarter. FMR LLC lifted its holdings in shares of Academy Sports and Outdoors by 15.3% during 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 period. Stephens Investment Management Group LLC boosted its position in shares of Academy Sports and Outdoors by 21.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock worth $12,983,000 after acquiring an additional 39,134 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in Academy Sports and Outdoors in the third quarter valued at approximately $633,000.

Analysts Set New Price Targets

ASO has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Evercore ISI cut Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Telsey Advisory Group dropped their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Citigroup started coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Robert W. Baird dropped their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $56.34 on Monday. 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 fifty-two week low of $44.73 and a fifty-two week high of $75.73. The company has a 50 day simple moving average of $53.57 and a two-hundred day simple moving average of $54.02. The company has a market capitalization of $3.91 billion, a PE ratio of 9.25, a P/E/G ratio of 1.23 and a beta of 1.25.

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

Academy Sports and Outdoors Announces Dividend

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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is 7.22%.

Academy Sports and Outdoors 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.