Foster & Motley Inc. Grows Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Foster & Motley Inc. raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 18.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 23,080 shares of the company’s stock after acquiring an additional 3,550 shares during the quarter. Foster & Motley Inc.’s holdings in Academy Sports and Outdoors were worth $1,328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ASO. Harbor Capital Advisors Inc. bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $40,000. TD Private Client Wealth LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC increased its position in shares of Academy Sports and Outdoors by 98.4% during the 3rd 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 bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at about $58,000.

Academy Sports and Outdoors Trading Up 1.3 %

NASDAQ ASO opened at $54.68 on Friday. 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, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a market capitalization of $3.79 billion, a PE ratio of 8.98, a P/E/G ratio of 1.23 and a beta of 1.25. The stock’s 50 day moving average is $54.11 and its 200 day moving average is $54.04.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were given 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 0.80%. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASO. TD Cowen increased their price objective on 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. Truist Financial increased their price objective on 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. Citigroup initiated coverage on 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. Robert W. Baird decreased their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.