Radnor Capital Management LLC Cuts Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Radnor Capital Management LLC decreased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,995 shares of the company’s stock after selling 3,535 shares during the quarter. Radnor Capital Management LLC’s holdings in Academy Sports and Outdoors were worth $1,265,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ASO. Harbor Capital Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in Academy Sports and Outdoors in the 3rd quarter worth $40,000. TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors in the 3rd quarter worth $40,000. Farther Finance Advisors LLC lifted 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 stake in shares of Academy Sports and Outdoors in the third quarter valued at about $58,000.

Academy Sports and Outdoors Trading Down 5.6 %

Shares of ASO stock opened at $52.39 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The company’s 50-day moving average price is $52.96 and its 200-day moving average price is $53.88. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.06 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, December 10th. The company reported $0.98 EPS 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 analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.38 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.92 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Analysts Set New Price Targets

Several research firms recently weighed in on ASO. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Telsey Advisory Group reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Truist Financial raised their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Citigroup began coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price target for the company. Finally, Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.67.

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.