Nichols & Pratt Advisers LLP MA Acquires 250 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Nichols & Pratt Advisers LLP MA increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,600 shares of the company’s stock after purchasing an additional 250 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Academy Sports and Outdoors were worth $322,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASO. Simmons Bank raised its position in shares of Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after buying an additional 200 shares in the last quarter. HighTower Advisors LLC raised its position in Academy Sports and Outdoors by 6.2% during the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock valued at $324,000 after purchasing an additional 323 shares in the last quarter. Blue Trust Inc. raised its position in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after purchasing an additional 334 shares in the last quarter. Plan Group Financial LLC increased its holdings in shares of Academy Sports and Outdoors by 6.2% during the fourth quarter. Plan Group Financial LLC now owns 6,078 shares of the company’s stock worth $350,000 after buying an additional 355 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Academy Sports and Outdoors by 3.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock worth $553,000 after buying an additional 362 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial upped their price target on shares of 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. Telsey Advisory Group dropped their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Citigroup began coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.67.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $49.59 on Friday. The stock has a market cap of $3.44 billion, a PE ratio of 8.14, a PEG ratio of 1.02 and a beta of 1.23. The company’s fifty day moving average is $54.34 and its 200 day moving average is $53.92. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the business earned $1.38 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current 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 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

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.