Stratos Wealth Partners LTD. increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 27.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,632 shares of the company’s stock after purchasing an additional 2,269 shares during the period. Stratos Wealth Partners LTD.’s holdings in Academy Sports and Outdoors were worth $419,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Bailard Inc. raised its position in shares of Academy Sports and Outdoors by 1.8% during the 4th quarter. Bailard Inc. now owns 16,900 shares of the company’s stock worth $742,000 after purchasing an additional 300 shares during the last quarter. Meritage Portfolio Management raised its holdings in Academy Sports and Outdoors by 5.4% in the 4th quarter. Meritage Portfolio Management now owns 6,307 shares of the company’s stock valued at $277,000 after acquiring an additional 323 shares during the last quarter. Rothschild Investment Corp IL raised its holdings in Academy Sports and Outdoors by 3.8% in the 4th quarter. Rothschild Investment Corp IL now owns 15,075 shares of the company’s stock valued at $662,000 after acquiring an additional 550 shares during the last quarter. C M Bidwell & Associates Ltd. raised its holdings in Academy Sports and Outdoors by 16.1% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 6,645 shares of the company’s stock valued at $292,000 after acquiring an additional 920 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Academy Sports and Outdoors by 1.9% in the 4th quarter. Victory Capital Management Inc. now owns 64,992 shares of the company’s stock valued at $2,853,000 after acquiring an additional 1,192 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.
Academy Sports and Outdoors Stock Up 3.5 %
Shares of Academy Sports and Outdoors stock opened at $39.80 on Friday. The company has a fifty day moving average price of $35.43 and a 200 day moving average price of $36.78. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.45. Academy Sports and Outdoors, Inc. has a twelve month low of $25.10 and a twelve month high of $51.08. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 0.59 and a beta of 1.32.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 EPS. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 7.05 earnings per share for the current fiscal year.
Academy Sports and Outdoors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 16th were given a $0.075 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.75%. Academy Sports and Outdoors’s payout ratio is currently 4.30%.
Analyst Ratings Changes
Several brokerages have weighed in on ASO. Stephens boosted their price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, June 8th. Truist Financial began coverage on Academy Sports and Outdoors in a report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price target for the company. UBS Group dropped their price objective on Academy Sports and Outdoors to $55.00 in a report on Thursday, June 9th. The Goldman Sachs Group dropped their price objective on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, May 4th. Finally, Loop Capital upped their price objective on Academy Sports and Outdoors from $43.00 to $50.00 in a report on Wednesday, March 30th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $55.08.
About Academy Sports and Outdoors
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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
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