Great Lakes Advisors LLC Has $3.81 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Great Lakes Advisors LLC decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,295 shares of the company's stock after selling 6,244 shares during the period. Great Lakes Advisors LLC owned approximately 0.10% of Academy Sports and Outdoors worth $3,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Academy Sports and Outdoors by 3.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock valued at $378,000 after acquiring an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA boosted its holdings in shares of Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock valued at $322,000 after acquiring an additional 250 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 6.2% in the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock valued at $324,000 after acquiring an additional 323 shares in the last quarter. Blue Trust Inc. lifted its stake in Academy Sports and Outdoors by 14.8% during 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 last quarter. Finally, Plan Group Financial LLC lifted its stake in Academy Sports and Outdoors by 6.2% during the fourth quarter. Plan Group Financial LLC now owns 6,078 shares of the company's stock valued at $350,000 after purchasing an additional 355 shares during the last quarter.

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Analyst Ratings Changes

Several analysts recently commented on ASO shares. Robert W. Baird cut their target price 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. Wedbush restated an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Telsey Advisory Group restated an "outperform" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Monday. Finally, Citigroup reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of "Hold" and a consensus target price of $61.13.

Academy Sports and Outdoors Stock Up 2.5 %

ASO stock traded up $1.18 during midday trading on Wednesday, reaching $47.57. The company had a trading volume of 2,690,302 shares, compared to its average volume of 1,568,863. Academy Sports and Outdoors, Inc. has a 1 year low of $43.16 and a 1 year high of $72.16. 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 company has a market capitalization of $3.30 billion, a P/E ratio of 7.81, a PEG ratio of 1.02 and a beta of 1.25. The company has a 50 day moving average of $51.75 and a two-hundred day moving average of $53.30.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid 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 is Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.09%. Academy Sports and Outdoors's dividend payout ratio is 8.54%.

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.