Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC reduced its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,461 shares of the company’s stock after selling 1,051 shares during the period. CFM Wealth Partners LLC’s holdings in Academy Sports and Outdoors were worth $3,133,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors during the 3rd quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the third quarter worth about $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors in the third quarter worth about $40,000. Farther Finance Advisors LLC boosted its holdings in Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the 3rd quarter valued at approximately $58,000.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $52.31 on Monday. 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 firm’s 50 day moving average is $54.40 and its two-hundred day moving average is $54.02. The firm has a market capitalization of $3.63 billion, a P/E ratio of 8.59, a PEG ratio of 1.21 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results 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). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm earned $1.38 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.84%. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Analyst Ratings Changes

ASO has been the subject of several research analyst reports. Robert W. Baird reduced their target price on 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. Wedbush reaffirmed an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. TD Cowen boosted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Truist Financial raised 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. Finally, Citigroup initiated coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.67.

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.