Aviance Capital Partners LLC Buys 19,398 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Aviance Capital Partners LLC lifted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,257 shares of the company's stock after purchasing an additional 19,398 shares during the quarter. Academy Sports and Outdoors comprises 0.7% of Aviance Capital Partners LLC's investment portfolio, making the stock its 27th biggest holding. Aviance Capital Partners LLC owned approximately 0.14% of Academy Sports and Outdoors worth $5,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock valued at $118,092,000 after purchasing an additional 50,715 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock valued at $5,582,000 after buying an additional 38,155 shares during the last quarter. FMR LLC grew its holdings in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after buying an additional 1,422,971 shares during the last quarter. Qsemble Capital Management LP bought a new stake in shares of Academy Sports and Outdoors during the third quarter valued at approximately $633,000. Finally, Bank of New York Mellon Corp raised its holdings in Academy Sports and Outdoors by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock worth $40,974,000 after acquiring an additional 90,592 shares during the last quarter.

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Academy Sports and Outdoors Stock Performance

ASO traded down $3.78 during midday trading on Tuesday, reaching $46.78. The company had a trading volume of 1,982,570 shares, compared to its average volume of 1,517,447. The business has a 50-day moving average of $53.13 and a two-hundred day moving average of $53.70. 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 1 year low of $44.73 and a 1 year high of $74.26. The company has a market cap of $3.25 billion, a P/E ratio of 7.68, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the prior year, the company posted $1.38 earnings per share. The company's revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.11%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 7.22%.

Analyst Upgrades and Downgrades

ASO has been the subject of a number of research analyst reports. Citigroup assumed coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued 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 research report on Wednesday, December 11th. Wedbush reaffirmed an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Telsey Advisory Group decreased their price objective on shares of 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on 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 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.