Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Holdings Lessened by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 403 shares during the period. Daymark Wealth Partners LLC’s holdings in Academy Sports and Outdoors were worth $863,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $40,000. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC boosted its holdings in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $58,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Evercore ISI cut shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and cut their target price for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Telsey Advisory Group cut their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Truist Financial raised their target price 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, Robert W. Baird reduced their price target 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. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Up 1.3 %

ASO stock opened at $55.46 on Friday. Academy Sports and Outdoors, Inc. has a 1-year low of $44.73 and a 1-year high of $75.73. The business’s 50 day simple moving average is $53.27 and its 200 day simple moving average is $53.96. 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 firm has a market capitalization of $3.85 billion, a PE ratio of 9.11, a PEG ratio of 1.24 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.38 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s dividend payout ratio (DPR) 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.