Everence Capital Management Inc. Buys Shares of 7,020 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)


Everence Capital Management Inc. acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) in the 1st quarter, Holdings Channel reports. The fund acquired 7,020 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Academy Sports and Outdoors by 6.9% in the 4th quarter. Bank of America Corp DE now owns 1,247,125 shares of the company’s stock valued at $54,749,000 after purchasing an additional 80,150 shares during the last quarter. Alliancebernstein L.P. boosted its position in Academy Sports and Outdoors by 24.9% in the fourth quarter. Alliancebernstein L.P. now owns 1,092,200 shares of the company’s stock valued at $47,948,000 after buying an additional 217,857 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Academy Sports and Outdoors by 24.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 993,842 shares of the company’s stock valued at $43,630,000 after buying an additional 192,057 shares during the last quarter. Tensile Capital Management LP boosted its position in Academy Sports and Outdoors by 11.4% in the fourth quarter. Tensile Capital Management LP now owns 849,784 shares of the company’s stock valued at $37,306,000 after buying an additional 87,089 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Academy Sports and Outdoors by 1.2% in the fourth quarter. Northern Trust Corp now owns 811,271 shares of the company’s stock valued at $35,616,000 after buying an additional 9,349 shares during the last quarter. 89.94% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on ASO shares. Loop Capital upped their price objective on Academy Sports and Outdoors from $43.00 to $50.00 in a research report on Wednesday, March 30th. The Goldman Sachs Group lowered their price objective on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, May 4th. Stephens upped their price objective on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 8th. Truist Financial began coverage on Academy Sports and Outdoors in a research note on Wednesday, May 11th. They set a “buy” rating and a $53.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, March 24th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $55.08.

NASDAQ ASO opened at $36.06 on Thursday. The stock has a market cap of $3.07 billion, a PE ratio of 5.17, a P/E/G ratio of 0.53 and a beta of 1.65. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.45. Academy Sports and Outdoors, Inc. has a twelve month low of $25.10 and a twelve month high of $51.08. The stock has a fifty day simple moving average of $36.17 and a 200-day simple moving average of $37.33.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its quarterly earnings results on Tuesday, June 7th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. Research analysts predict that Academy Sports and Outdoors, Inc. will post 7.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, June 15th. Academy Sports and Outdoors’s dividend payout ratio is presently 4.30%.

Academy Sports and Outdoors Company Profile (Get Rating)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

See Also

Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating).

Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)



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