Cerity Partners LLC Lowers Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cerity Partners LLC trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 42.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,189 shares of the company's stock after selling 49,075 shares during the period. Cerity Partners LLC owned 0.10% of Academy Sports and Outdoors worth $3,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASO. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 50,715 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $40,974,000 after buying an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at approximately $1,969,000. Empowered Funds LLC increased its stake in Academy Sports and Outdoors by 20.6% during the fourth quarter. Empowered Funds LLC now owns 163,109 shares of the company's stock worth $9,384,000 after acquiring an additional 27,824 shares during the last quarter. Finally, Pacifica Capital Investments LLC raised its position in Academy Sports and Outdoors by 7.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock valued at $23,041,000 after purchasing an additional 29,410 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on ASO shares. TD Cowen boosted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. UBS Group cut their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Morgan Stanley dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Finally, Evercore ISI lowered their target price on 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.63.

Academy Sports and Outdoors Stock Up 3.3 %

ASO stock traded up $1.20 during trading on Friday, hitting $37.85. 1,580,859 shares of the company's stock were exchanged, compared to its average volume of 1,618,705. The business has a 50-day moving average price of $46.00 and a two-hundred day moving average price of $50.79. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 1.02 and a beta of 1.26. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.14. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company's revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 EPS. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.37%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

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.