King Luther Capital Management Corp Cuts Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

King Luther Capital Management Corp lessened its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,592,253 shares of the company’s stock after selling 16,702 shares during the quarter. King Luther Capital Management Corp’s holdings in Academy Sports and Outdoors were worth $91,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Isthmus Partners LLC purchased a new position in Academy Sports and Outdoors in the fourth quarter valued at about $2,360,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Academy Sports and Outdoors by 16.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,841 shares of the company’s stock worth $1,199,000 after acquiring an additional 2,868 shares during the last quarter. Ruffer LLP purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $3,676,000. AlphaQuest LLC grew its stake in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after acquiring an additional 496 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its stake in shares of Academy Sports and Outdoors by 25.9% during the fourth quarter. Aviance Capital Partners LLC now owns 94,257 shares of the company’s stock worth $5,423,000 after acquiring an additional 19,398 shares during the last quarter.

Academy Sports and Outdoors Stock Up 2.7 %

Academy Sports and Outdoors stock opened at $50.56 on Tuesday. The stock has a market capitalization of $3.51 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $74.26. The business has a 50 day simple moving average of $53.13 and a 200-day simple moving average of $53.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is presently 7.22%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Citigroup initiated coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. Robert W. Baird decreased their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company 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. Finally, Telsey Advisory Group decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Company 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.