Catalyst Funds Management Pty Ltd Reduces Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Catalyst Funds Management Pty Ltd reduced its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 16.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,600 shares of the company’s stock after selling 700 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Academy Sports and Outdoors were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC lifted 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 worth $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 50,715 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock worth $55,210,000 after purchasing an additional 737,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Academy Sports and Outdoors by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 764,903 shares of the company’s stock worth $44,005,000 after purchasing an additional 13,860 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on ASO shares. Telsey Advisory Group lowered 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 research note on Thursday, December 5th. Robert W. Baird dropped their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Truist Financial lifted 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $45.10 on Monday. The stock has a market cap of $3.13 billion, a PE ratio of 7.41, a PEG ratio of 1.02 and a beta of 1.25. The company’s fifty day moving average is $52.18 and its 200 day moving average is $53.42. Academy Sports and Outdoors, Inc. has a 52 week low of $43.16 and a 52 week high of $72.43. 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 Increases Dividend

The company also recently disclosed 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 a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. Academy Sports and Outdoors’s payout ratio is presently 8.54%.

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.