Cetera Trust Company N.A Purchases New Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Cetera Trust Company N.A acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,140 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Academy Sports and Outdoors by 124.0% during the 1st quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after purchasing an additional 7,507,589 shares in the last quarter. Vanguard Group Inc. increased its position in Academy Sports and Outdoors by 0.9% during the third quarter. Vanguard Group Inc. now owns 9,578,659 shares of the company’s stock worth $404,028,000 after buying an additional 85,344 shares during the last quarter. State Street Corp raised its holdings in Academy Sports and Outdoors by 1.3% during the third quarter. State Street Corp now owns 3,005,249 shares of the company’s stock valued at $126,986,000 after buying an additional 38,395 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Academy Sports and Outdoors by 53.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,863,331 shares of the company’s stock worth $66,223,000 after acquiring an additional 647,278 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Academy Sports and Outdoors by 3.0% during the 3rd quarter. LSV Asset Management now owns 1,286,686 shares of the company’s stock valued at $60,822,000 after acquiring an additional 37,541 shares during the last quarter.

Analyst Upgrades and Downgrades

ASO has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $80.00 target price on shares of Academy Sports and Outdoors in a report on Monday, April 1st. Telsey Advisory Group reduced their price objective on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Wells Fargo & Company lowered their target price on shares of Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Evercore ISI dropped their target price on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Truist Financial restated a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Get Our Latest Analysis on ASO

Academy Sports and Outdoors Stock Up 1.2 %

NASDAQ ASO opened at $57.16 on Monday. Academy Sports and Outdoors, Inc. has a twelve month low of $42.83 and a twelve month high of $75.73. The stock has a market cap of $4.25 billion, a PE ratio of 8.51, a PEG ratio of 0.83 and a beta of 1.35. The firm has a 50-day simple moving average of $67.17 and a 200 day simple moving average of $59.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.55%.

Academy Sports and Outdoors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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