Doliver Advisors LP Buys 2,350 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Doliver Advisors LP increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,735 shares of the company’s stock after buying an additional 2,350 shares during the quarter. Doliver Advisors LP’s holdings in Academy Sports and Outdoors were worth $445,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in Academy Sports and Outdoors in the second quarter valued at approximately $174,054,000. FMR LLC boosted its position in shares of Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Academy Sports and Outdoors by 19.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,969,886 shares of the company’s stock worth $158,147,000 after purchasing an additional 481,640 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after purchasing an additional 365,929 shares during the period. Finally, Verition Fund Management LLC raised its position in shares of Academy Sports and Outdoors by 203.2% in the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock valued at $29,998,000 after buying an additional 344,466 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.0 %

Shares of Academy Sports and Outdoors stock traded up $0.01 on Monday, hitting $56.87. The stock had a trading volume of 917,456 shares, compared to its average volume of 1,223,662. The stock has a 50 day moving average of $52.28 and a 200 day moving average of $53.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a market capitalization of $3.95 billion, a P/E ratio of 9.34, a PEG ratio of 1.06 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business posted $1.38 EPS. Academy Sports and Outdoors’s revenue was down 3.9% on a year-over-year basis. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. Academy Sports and Outdoors’s payout ratio is 7.22%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASO. Loop Capital reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Citigroup initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Wells Fargo & Company increased their price target on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Robert W. Baird lowered their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.33.

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.