Daymark Wealth Partners LLC Has $863,000 Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Daymark Wealth Partners LLC trimmed its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the company’s stock after selling 403 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Academy Sports and Outdoors were worth $863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after purchasing an additional 50,715 shares during the period. Citigroup Inc. grew its holdings in Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock worth $5,582,000 after acquiring an additional 38,155 shares during the period. FMR LLC increased its holdings in Academy Sports and Outdoors by 15.3% in the third 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. Stephens Investment Management Group LLC boosted its holdings in shares of Academy Sports and Outdoors by 21.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock worth $12,983,000 after buying an additional 39,134 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in Academy Sports and Outdoors in the third quarter valued at $633,000.

Academy Sports and Outdoors Trading Up 1.3 %

ASO stock opened at $55.46 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.25. The company’s 50 day moving average price is $53.27 and its two-hundred day moving average price is $53.96. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.79%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup assumed coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price target on the stock. Robert W. Baird cut their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. 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. Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Finally, Truist Financial lifted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.67.

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.