Yousif Capital Management LLC Sells 1,019 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Yousif Capital Management LLC reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,006 shares of the company’s stock after selling 1,019 shares during the period. Yousif Capital Management LLC owned approximately 0.05% of Academy Sports and Outdoors worth $2,508,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $83,000. SkyView Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 14.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after acquiring an additional 245 shares in the last quarter. PFG Investments LLC boosted its stake in Academy Sports and Outdoors by 7.9% during the 3rd quarter. PFG Investments LLC now owns 4,402 shares of the company’s stock valued at $208,000 after purchasing an additional 321 shares during the last quarter. BRYN MAWR TRUST Co purchased a new stake in shares of Academy Sports and Outdoors in the third quarter worth approximately $209,000. Finally, Avalon Capital Management bought a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $211,000.

Academy Sports and Outdoors Price Performance

ASO opened at $60.76 on Tuesday. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.89 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $66.03 and a 200-day moving average price of $60.22. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a yield of 0.72%. Academy Sports and Outdoors’s payout ratio is presently 6.55%.

Analyst Ratings Changes

ASO has been the subject of a number of analyst reports. TD Cowen lowered their price target on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Wells Fargo & Company lowered their target price on shares of Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Truist Financial restated a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, Evercore ISI cut their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.82.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the sale, the director now directly owns 7,870 shares in the company, valued at approximately $472,200. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.19% of the company’s stock.

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.