Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC grew its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 240.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 702 shares of the company’s stock after purchasing an additional 496 shares during the period. AlphaQuest LLC’s holdings in Academy Sports and Outdoors were worth $40,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth about $40,000. Parkside Financial Bank & Trust grew its holdings in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after acquiring an additional 915 shares during the period. Smartleaf Asset Management LLC grew its holdings in Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after acquiring an additional 843 shares during the period. KBC Group NV grew its holdings in Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock worth $122,000 after acquiring an additional 408 shares during the period. Finally, Blue Trust Inc. grew its holdings in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after acquiring an additional 334 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock 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 price-to-earnings 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 moving average price is $51.30 and its 200 day moving average price is $53.22.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $2.21 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ASO. TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday. Truist Financial raised their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. UBS Group dropped their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.13.

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.