Pacer Advisors Inc. Has $152.41 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Pacer Advisors Inc. boosted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,649,276 shares of the company’s stock after purchasing an additional 197,384 shares during the quarter. Pacer Advisors Inc.’s holdings in Academy Sports and Outdoors were worth $152,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASO. CWM LLC lifted its stake in shares of Academy Sports and Outdoors by 4.6% in the third quarter. CWM LLC now owns 4,480 shares of the company’s stock valued at $261,000 after buying an additional 196 shares in the last quarter. Simmons Bank boosted its holdings in Academy Sports and Outdoors by 1.9% during the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after purchasing an additional 200 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Academy Sports and Outdoors by 1.3% during the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after purchasing an additional 203 shares during the last quarter. HighTower Advisors LLC grew its position in Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock worth $324,000 after purchasing an additional 323 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after buying an additional 334 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $56.34 on Monday. The company’s fifty day moving average price is $53.57 and its 200-day moving average price is $54.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.23 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ASO shares. Robert W. Baird reduced their target price on 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. Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Telsey Advisory Group decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, Citigroup began coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.