Meritage Portfolio Management Has $557,000 Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Meritage Portfolio Management grew its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,684 shares of the company’s stock after purchasing an additional 1,087 shares during the quarter. Meritage Portfolio Management’s holdings in Academy Sports and Outdoors were worth $557,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ASO. CWM LLC grew its position in shares of Academy Sports and Outdoors by 4.6% during the 3rd quarter. CWM LLC now owns 4,480 shares of the company’s stock worth $261,000 after purchasing an additional 196 shares in the last quarter. Simmons Bank boosted its stake in shares of Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after buying an additional 200 shares during the period. Daymark Wealth Partners LLC grew its position in Academy Sports and Outdoors by 1.3% during the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after buying an additional 203 shares in the last quarter. HighTower Advisors LLC increased its stake in Academy Sports and Outdoors by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock worth $324,000 after acquiring an additional 323 shares during the period. Finally, Blue Trust Inc. raised its holdings in Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after acquiring an additional 334 shares in the last quarter.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $51.98 on Thursday. The company has a market capitalization of $3.61 billion, a PE ratio of 8.54, a P/E/G ratio of 1.17 and a beta of 1.23. 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 stock has a 50-day moving average price of $54.50 and a two-hundred day moving average price of $53.94. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73.

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

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed 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 0.85%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Analysts Set New Price Targets

ASO has been the topic of several analyst reports. Citigroup assumed coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price on the stock. Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.67.

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.