Rhumbline Advisers Has $11.85 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Rhumbline Advisers trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,906 shares of the company's stock after selling 7,498 shares during the quarter. Rhumbline Advisers owned about 0.30% of Academy Sports and Outdoors worth $11,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASO. FMR LLC lifted its holdings in Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after buying an additional 1,422,971 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock valued at $55,210,000 after acquiring an additional 737,212 shares during the period. Royce & Associates LP boosted its holdings in Academy Sports and Outdoors by 62.5% in the third quarter. Royce & Associates LP now owns 951,256 shares of the company's stock valued at $55,515,000 after acquiring an additional 365,929 shares during the last quarter. Verition Fund Management LLC increased its position in Academy Sports and Outdoors by 203.2% in the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company's stock worth $29,998,000 after purchasing an additional 344,466 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Academy Sports and Outdoors by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company's stock worth $152,413,000 after purchasing an additional 197,384 shares during the last quarter.

Academy Sports and Outdoors Stock Down 0.5 %

Shares of ASO traded down $0.27 on Monday, hitting $50.57. The company's stock had a trading volume of 1,629,885 shares, compared to its average volume of 1,417,768. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.03 and a beta of 1.23. The firm's fifty day moving average price is $54.86 and its 200-day moving average price is $53.96. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company earned $1.38 EPS. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were issued a $0.11 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 7.22%.

Analyst Upgrades and Downgrades

ASO has been the topic of several recent research reports. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Wedbush reaffirmed an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Robert W. Baird dropped 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 report on Wednesday, December 11th. Telsey Advisory Group reduced their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Finally, TD Cowen upped their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.67.

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.