Everence Capital Management Inc. Sells 11,110 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Everence Capital Management Inc. trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 69.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,920 shares of the company's stock after selling 11,110 shares during the period. Everence Capital Management Inc.'s holdings in Academy Sports and Outdoors were worth $283,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. CWM LLC boosted its holdings in Academy Sports and Outdoors by 4.6% during the third quarter. CWM LLC now owns 4,480 shares of the company's stock worth $261,000 after buying an additional 196 shares in the last quarter. Simmons Bank lifted its holdings in Academy Sports and Outdoors by 1.9% in the 3rd quarter. Simmons Bank now owns 10,860 shares of the company's stock worth $634,000 after purchasing an additional 200 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in shares of Academy Sports and Outdoors by 1.3% in the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company's stock worth $899,000 after purchasing an additional 203 shares during the period. Trust Investment Advisors grew its position in Academy Sports and Outdoors by 1.8% in the 2nd quarter. Trust Investment Advisors now owns 15,030 shares of the company's stock worth $800,000 after purchasing an additional 266 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Academy Sports and Outdoors by 10.7% in the second quarter. Benjamin Edwards Inc. now owns 3,011 shares of the company's stock valued at $160,000 after purchasing an additional 290 shares in the last quarter.

Analyst Upgrades and Downgrades

ASO has been the subject of a number of recent analyst reports. Loop Capital reaffirmed a "buy" rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Citigroup started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a "buy" rating and a $65.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Robert W. Baird decreased their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.67.

Academy Sports and Outdoors Trading Up 2.2 %

Shares of Academy Sports and Outdoors stock traded up $1.29 on Wednesday, hitting $58.86. The stock had a trading volume of 1,820,910 shares, compared to its average volume of 1,606,988. The stock has a 50 day moving average of $52.47 and a 200 day moving average of $53.75. The firm has a market capitalization of $4.08 billion, a P/E ratio of 9.67, a PEG ratio of 1.06 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates 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 period last year, the company posted $1.38 EPS. The business's revenue was down 3.9% compared to the same quarter last year. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. Academy Sports and Outdoors's dividend payout ratio is presently 7.22%.

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.