Cetera Trust Company N.A Sells 1,175 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cetera Trust Company N.A cut its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) by 30.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,740 shares of the company’s stock after selling 1,175 shares during the period. Cetera Trust Company N.A’s holdings in Academy Sports and Outdoors were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in shares of Academy Sports and Outdoors by 3.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock worth $553,000 after acquiring an additional 362 shares in the last quarter. Spring Capital Management LLC bought a new position in shares of Academy Sports and Outdoors in the 4th quarter worth $288,000. Doliver Advisors LP raised its position in shares of Academy Sports and Outdoors by 43.6% in the 4th quarter. Doliver Advisors LP now owns 7,735 shares of the company’s stock worth $445,000 after acquiring an additional 2,350 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Academy Sports and Outdoors by 2.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,132 shares of the company’s stock worth $19,033,000 after acquiring an additional 8,848 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Academy Sports and Outdoors by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 95,822 shares of the company’s stock worth $5,139,000 after buying an additional 576 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ASO shares. Truist Financial boosted their target price 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. Telsey Advisory Group dropped 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 Thursday, December 5th. Citigroup assumed coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price on the stock. Robert W. Baird dropped their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Evercore ISI downgraded Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.67.

Read Our Latest Stock Analysis on ASO

Academy Sports and Outdoors Stock Down 1.5 %

Shares of ASO opened at $54.74 on Wednesday. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. 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 capitalization of $3.80 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.18 and a beta of 1.25. The stock’s 50-day moving average price is $53.17 and its 200-day moving average price is $53.95.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The business had revenue of $1.34 billion during 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 business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. On average, sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were issued a $0.11 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Academy Sports and Outdoors Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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