Unison Advisors LLC Buys Shares of 14,825 Academy Sports and Outdoors, Inc. $ASO

Unison Advisors LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 14,825 shares of the company’s stock, valued at approximately $743,000.

Several other institutional investors have also modified their holdings of ASO. Parkside Financial Bank & Trust boosted its position in shares of Academy Sports and Outdoors by 15.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company’s stock valued at $85,000 after acquiring an additional 234 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after purchasing an additional 252 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Academy Sports and Outdoors by 6.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,604 shares of the company’s stock worth $230,000 after purchasing an additional 285 shares during the period. Tectonic Advisors LLC boosted its holdings in Academy Sports and Outdoors by 0.6% in the 3rd quarter. Tectonic Advisors LLC now owns 45,288 shares of the company’s stock valued at $2,265,000 after purchasing an additional 286 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Academy Sports and Outdoors by 47.3% in the 3rd quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after purchasing an additional 326 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $57.35 on Monday. The firm has a 50-day simple moving average of $57.15 and a two-hundred day simple moving average of $52.98. The stock has a market cap of $3.69 billion, a PE ratio of 10.31, a P/E/G ratio of 0.89 and a beta of 1.21. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $62.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.44.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, March 17th. The company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.08). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.96 earnings per share. As a group, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, March 20th. Academy Sports and Outdoors’s payout ratio is currently 10.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASO. UBS Group cut their price target on shares of Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Barclays lowered their price objective on Academy Sports and Outdoors from $59.00 to $49.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Telsey Advisory Group reissued an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Finally, Bank of America lifted their target price on Academy Sports and Outdoors from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Hold” and a consensus price target of $57.36.

Academy Sports and Outdoors Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.