Isthmus Partners LLC Acquires Shares of 41,015 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Isthmus Partners LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 41,015 shares of the company’s stock, valued at approximately $2,360,000. Isthmus Partners LLC owned approximately 0.06% of Academy Sports and Outdoors as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Academy Sports and Outdoors by 16.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,841 shares of the company’s stock valued at $1,199,000 after acquiring an additional 2,868 shares during the period. Ruffer LLP purchased a new position in Academy Sports and Outdoors during the fourth quarter valued at $3,676,000. AlphaQuest LLC increased its stake in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Aviance Capital Partners LLC raised its position in shares of Academy Sports and Outdoors by 25.9% during the 4th quarter. Aviance Capital Partners LLC now owns 94,257 shares of the company’s stock worth $5,423,000 after purchasing an additional 19,398 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $2,342,000.

Academy Sports and Outdoors Price Performance

ASO stock opened at $49.24 on Monday. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $74.26. The business has a fifty day moving average of $53.28 and a two-hundred day moving average of $53.73. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. 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 issued its quarterly earnings data 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). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. As a group, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.06%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 7.22%.

Analyst Ratings Changes

Several equities research analysts have commented on ASO shares. 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 for the company. Telsey Advisory Group decreased their price objective on 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. Robert W. Baird dropped their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. TD Cowen increased their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Hold” and an average 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.