Paragon Capital Management Ltd decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 17.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,010 shares of the company’s stock after selling 864 shares during the quarter. Paragon Capital Management Ltd’s holdings in Academy Sports and Outdoors were worth $231,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Doliver Advisors LP boosted its holdings in Academy Sports and Outdoors by 43.6% during the fourth quarter. Doliver Advisors LP now owns 7,735 shares of the company’s stock worth $445,000 after buying an additional 2,350 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Academy Sports and Outdoors by 2.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,132 shares of the company’s stock worth $19,033,000 after purchasing an additional 8,848 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Academy Sports and Outdoors by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 95,822 shares of the company’s stock worth $5,139,000 after purchasing an additional 576 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Academy Sports and Outdoors by 94.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,300 shares of the company’s stock worth $484,000 after purchasing an additional 4,038 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $306,000.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ASO. Truist Financial boosted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird dropped their price objective 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. Citigroup initiated coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective 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. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.67.
Academy Sports and Outdoors Stock Performance
Shares of ASO opened at $52.36 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a 50 day moving average price of $52.96 and a two-hundred day moving average price of $53.88. The firm has a market capitalization of $3.63 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.29 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last issued 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). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 5.62 earnings per share 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. Stockholders of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.84%. Academy Sports and Outdoors’s payout ratio is presently 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.
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