Aviance Capital Partners LLC Has $3.26 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Aviance Capital Partners LLC grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,437 shares of the company’s stock after purchasing an additional 1,185 shares during the period. Aviance Capital Partners LLC owned about 0.07% of Academy Sports and Outdoors worth $3,263,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ASO. ABS Direct Equity Fund LLC bought a new stake in shares of Academy Sports and Outdoors in the 4th quarter valued at approximately $1,980,000. LSV Asset Management grew its position in Academy Sports and Outdoors by 28.4% in the fourth quarter. LSV Asset Management now owns 1,652,541 shares of the company’s stock worth $109,068,000 after acquiring an additional 365,855 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth $1,290,000. Natixis Advisors L.P. raised its holdings in shares of Academy Sports and Outdoors by 400.6% during the 4th quarter. Natixis Advisors L.P. now owns 82,614 shares of the company’s stock valued at $5,452,000 after purchasing an additional 66,112 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of Academy Sports and Outdoors by 28.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 6,994 shares of the company’s stock valued at $462,000 after purchasing an additional 1,552 shares during the last quarter.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the transaction, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASO. JPMorgan Chase & Co. boosted their price target on Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Telsey Advisory Group lowered their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. Wedbush restated an “outperform” rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Jefferies Financial Group started coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.88.

Academy Sports and Outdoors Stock Performance

ASO traded up $0.73 on Monday, hitting $58.13. 1,083,467 shares of the stock traded hands, compared to its average volume of 1,333,150. The business has a fifty day moving average price of $65.04 and a two-hundred day moving average price of $60.55. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73. The firm has a market capitalization of $4.29 billion, a PE ratio of 8.65, a P/E/G ratio of 0.84 and a beta of 1.40.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Thursday, March 21st. The company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Academy Sports and Outdoors had a net margin of 8.43% and a return on equity of 28.99%. On average, research analysts predict that Academy Sports and Outdoors, Inc. will post 6.65 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were given a dividend of $0.11 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, March 25th. Academy Sports and Outdoors’s payout ratio is 6.55%.

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.