Vanguard Group Inc. Trims Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Vanguard Group Inc. lessened its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,944,717 shares of the company's stock after selling 360,706 shares during the period. Vanguard Group Inc. owned 11.45% of Academy Sports and Outdoors worth $457,060,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. increased its position in shares of Academy Sports and Outdoors by 3.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock worth $378,000 after buying an additional 210 shares during the period. Nichols & Pratt Advisers LLP MA lifted its stake in shares of Academy Sports and Outdoors by 4.7% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock valued at $322,000 after purchasing an additional 250 shares during the period. Xponance Inc. increased its holdings in Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after purchasing an additional 266 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Academy Sports and Outdoors by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock worth $324,000 after buying an additional 323 shares during the period. Finally, Blue Trust Inc. boosted 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 worth $151,000 after acquiring an additional 334 shares in the last quarter.

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Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded down $1.60 during mid-day trading on Friday, reaching $37.60. 4,163,791 shares of the company's stock were exchanged, compared to its average volume of 1,587,287. The business's fifty day simple moving average is $49.49 and its 200 day simple moving average is $52.38. 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 one year low of $35.64 and a one year high of $64.62. The firm has a market capitalization of $2.52 billion, a PE ratio of 6.17, a P/E/G ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The company had revenue of $1.68 billion for 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 firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 EPS. On average, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a $0.13 dividend. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.01%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. B. Riley cut their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wedbush lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of "Moderate Buy" and an average target price of $59.69.

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.