Tectonic Advisors LLC Has $1.53 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tectonic Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,612 shares of the company’s stock after acquiring an additional 6,377 shares during the quarter. Tectonic Advisors LLC’s holdings in Academy Sports and Outdoors were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASO. Harbor Capital Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors in the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. TD Private Client Wealth LLC acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter valued at $40,000. Farther Finance Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 98.4% in the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors in the third quarter valued at about $58,000.

Academy Sports and Outdoors Stock Up 0.5 %

ASO opened at $51.21 on Wednesday. Academy Sports and Outdoors, Inc. has a 1-year low of $44.73 and a 1-year high of $75.73. The stock’s fifty day simple moving average is $54.50 and its 200 day simple moving average is $53.94. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.55 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share 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 business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $1.38 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.86%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 7.22%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ASO shares. Telsey Advisory Group dropped 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. Robert W. Baird decreased their price objective on 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. TD Cowen boosted their price objective on 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. Truist Financial boosted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.67.

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.