State of Alaska Department of Revenue Trims Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

State of Alaska Department of Revenue reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,958 shares of the company’s stock after selling 1,201 shares during the period. State of Alaska Department of Revenue’s holdings in Academy Sports and Outdoors were worth $2,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ASO. Harbor Capital Advisors Inc. bought a new position in Academy Sports and Outdoors during the third quarter worth $28,000. V Square Quantitative Management LLC bought a new position in Academy Sports and Outdoors during the third quarter worth $40,000. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC lifted its stake in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after purchasing an additional 366 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Academy Sports and Outdoors by 53.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock worth $70,000 after buying an additional 421 shares during the period.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $52.86 on Tuesday. 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 company’s 50-day moving average price is $54.64 and its two-hundred day moving average price is $53.87. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. The stock has a market cap of $3.67 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company 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%. Academy Sports and Outdoors’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.83%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASO. Citigroup began coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price on the stock. TD Cowen increased their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Robert W. Baird dropped their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Finally, Truist Financial increased their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.