Doliver Advisors LP Has $445,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Doliver Advisors LP grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 43.6% during the fourth quarter, Holdings Channel reports. The firm owned 7,735 shares of the company’s stock after acquiring an additional 2,350 shares during the quarter. Doliver Advisors LP’s holdings in Academy Sports and Outdoors were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers increased its position in Academy Sports and Outdoors by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 228,031 shares of the company’s stock valued at $12,143,000 after buying an additional 11,578 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Academy Sports and Outdoors by 49.7% in the 2nd quarter. TD Asset Management Inc now owns 59,000 shares of the company’s stock worth $3,142,000 after purchasing an additional 19,600 shares in the last quarter. Victory Capital Management Inc. grew its position in Academy Sports and Outdoors by 16.7% in the 2nd quarter. Victory Capital Management Inc. now owns 45,094 shares of the company’s stock valued at $2,401,000 after purchasing an additional 6,469 shares during the period. Arizona State Retirement System increased its stake in Academy Sports and Outdoors by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 20,830 shares of the company’s stock valued at $1,109,000 after purchasing an additional 451 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Academy Sports and Outdoors by 86.2% during the second quarter. Cullen Frost Bankers Inc. now owns 7,040 shares of the company’s stock worth $375,000 after buying an additional 3,260 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on ASO shares. 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. Robert W. Baird decreased their target price on 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. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $65.00 to $60.00 in a report on Thursday, October 3rd. Truist Financial raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group lowered their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.33.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded up $0.01 during trading hours on Monday, reaching $56.87. The company had a trading volume of 917,456 shares, compared to its average volume of 1,223,662. The firm has a market cap of $3.95 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. The business has a fifty day simple moving average of $52.28 and a 200 day simple moving average of $53.72.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $1.38 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts anticipate 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 company 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 dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

About Academy Sports and Outdoors

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.