Tectonic Advisors LLC Raises Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tectonic Advisors LLC boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 31.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,612 shares of the company’s stock after buying an additional 6,377 shares during the period. Tectonic Advisors LLC’s holdings in Academy Sports and Outdoors were worth $1,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ASO. FMR LLC raised its stake in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Academy Sports and Outdoors by 8.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after buying an additional 197,384 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after acquiring an additional 50,715 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Academy Sports and Outdoors by 62.5% in the 3rd quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after acquiring an additional 365,929 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Academy Sports and Outdoors by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company’s stock worth $43,831,000 after buying an additional 8,613 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective 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. Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Citigroup began coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Wedbush reiterated 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. Finally, Truist Financial lifted 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 research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Up 0.5 %

Shares of NASDAQ:ASO opened at $51.21 on Wednesday. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. Academy Sports and Outdoors, Inc. has a 1-year low of $44.73 and a 1-year high of $75.73. The company’s fifty day moving average is $54.50 and its two-hundred day moving average is $53.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data 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). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the business earned $1.38 EPS. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.86%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 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.