Moody National Bank Trust Division Cuts Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Moody National Bank Trust Division lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,349 shares of the company’s stock after selling 1,097 shares during the quarter. Moody National Bank Trust Division’s holdings in Academy Sports and Outdoors were worth $998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors during the third quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Academy Sports and Outdoors in the third quarter valued at about $40,000. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after buying an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in Academy Sports and Outdoors in the third quarter valued at about $58,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ASO shares. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Citigroup started coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective on the stock. TD Cowen increased their target price 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. Finally, Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Down 3.8 %

ASO opened at $55.48 on Tuesday. The stock’s 50 day moving average price is $52.98 and its 200 day moving average price is $53.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. The stock has a market cap of $3.85 billion, a P/E ratio of 9.11, a P/E/G ratio of 1.06 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly 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). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the business posted $1.38 earnings per share. As a group, research 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.

Academy Sports and Outdoors Company 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.