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

Aviance Capital Partners LLC raised its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,437 shares of the company’s stock after purchasing an additional 1,185 shares during the period. Aviance Capital Partners LLC’s holdings in Academy Sports and Outdoors were worth $3,263,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ASO. GAMMA Investing LLC acquired a new position in Academy Sports and Outdoors in the 4th quarter valued at $83,000. SkyView Investment Advisors LLC raised its stake in Academy Sports and Outdoors by 14.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after purchasing an additional 245 shares in the last quarter. PFG Investments LLC boosted its holdings in Academy Sports and Outdoors by 7.9% in the 3rd quarter. PFG Investments LLC now owns 4,402 shares of the company’s stock valued at $208,000 after purchasing an additional 321 shares during the period. BRYN MAWR TRUST Co acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $209,000. Finally, Avalon Capital Management bought a new position in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $211,000.

Academy Sports and Outdoors Price Performance

ASO stock traded up $0.73 during midday trading on Monday, reaching $58.13. 1,083,467 shares of the stock were exchanged, compared to its average volume of 1,333,150. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.51. The stock 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, Inc. has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a fifty day moving average price of $65.04 and a 200 day moving average price of $60.55.

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 the consensus estimate of $2.28 by ($0.05). Academy Sports and Outdoors had a net margin of 8.43% and a return on equity of 28.99%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were paid a $0.11 dividend. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. This represents a $0.44 annualized dividend and a dividend yield of 0.76%. Academy Sports and Outdoors’s payout ratio is currently 6.55%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the transaction, the director now directly owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASO. TD Cowen reduced their price target on Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group started coverage on Academy Sports and Outdoors in a research note on Friday, April 12th. They issued a “buy” rating and a $85.00 price target for the company. Truist Financial reiterated a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Evercore ISI cut their price target on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Wedbush reiterated an “outperform” rating and set a $80.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.88.

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.