Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 51.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392,924 shares of the company’s stock after selling 414,734 shares during the quarter. Invesco Ltd.’s holdings in Academy Sports and Outdoors were worth $22,605,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AlphaQuest LLC boosted its holdings 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 valued at $40,000 after acquiring an additional 496 shares during the period. Parkside Financial Bank & Trust boosted its stake in Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the period. Smartleaf Asset Management LLC grew its position in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after purchasing an additional 334 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at approximately $212,000.

Academy Sports and Outdoors Trading Up 3.3 %

NASDAQ:ASO opened at $37.85 on Friday. 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 company has a market capitalization of $2.54 billion, a P/E ratio of 6.22, a P/E/G ratio of 1.02 and a beta of 1.26. The stock’s 50 day moving average price is $45.70 and its 200 day moving average price is $50.67. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $2.21 EPS. Academy Sports and Outdoors’s quarterly revenue was down 6.6% on a year-over-year basis. On average, research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given a $0.13 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is currently 9.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ASO. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. TD Cowen boosted their price target on shares of 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. Evercore ISI decreased their price objective on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. B. Riley dropped their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Robert W. Baird 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 research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.63.

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.