AlphaQuest LLC Boosts Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

AlphaQuest LLC raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 240.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 702 shares of the company’s stock after purchasing an additional 496 shares during the quarter. AlphaQuest LLC’s holdings in Academy Sports and Outdoors were worth $40,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new stake in Academy Sports and Outdoors in the third quarter valued at $40,000. Parkside Financial Bank & Trust grew its stake in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after buying an additional 843 shares in the last quarter. KBC Group NV grew its stake in shares of Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after buying an additional 408 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after buying an additional 334 shares in the last quarter.

Analysts Set New Price Targets

ASO has been the subject of a number of research reports. UBS Group dropped their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial lifted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Citigroup dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday. Robert W. Baird dropped 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 note on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus price target of $61.13.

Academy Sports and Outdoors Trading Down 0.3 %

ASO opened at $47.42 on Friday. Academy Sports and Outdoors, Inc. has a one year low of $43.16 and a one year high of $68.96. The company has a market cap of $3.29 billion, a P/E ratio of 7.79, a PEG ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The business’s 50-day simple moving average is $51.30 and its 200-day simple moving average is $53.22.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $2.21 EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is presently 8.54%.

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.