Los Angeles Capital Management LLC Has $948,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Los Angeles Capital Management LLC trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,473 shares of the company’s stock after selling 541 shares during the period. Los Angeles Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $948,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ASO. Harbor Capital Advisors Inc. bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $28,000. TD Private Client Wealth LLC bought a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $40,000. Farther Finance Advisors LLC increased its holdings in shares of 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 period. Nisa Investment Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock worth $70,000 after purchasing an additional 421 shares during the period. Finally, KBC Group NV increased its holdings in shares of Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock worth $122,000 after purchasing an additional 408 shares during the period.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group lowered their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Robert W. Baird reduced their price target on shares of 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. Finally, Citigroup began coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $49.59 on Friday. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a fifty day simple moving average of $54.34 and a 200 day simple moving average of $53.94. The company has a market capitalization of $3.44 billion, a PE ratio of 8.14, a P/E/G ratio of 1.02 and a beta of 1.23. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data 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 company 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 company posted $1.38 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS 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. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

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.