Avantax Advisory Services Inc. raised its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 31.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,773 shares of the company’s stock after purchasing an additional 3,064 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Academy Sports and Outdoors were worth $507,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased its holdings in shares of Academy Sports and Outdoors by 27.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 10,632 shares of the company’s stock worth $419,000 after purchasing an additional 2,269 shares during the period. Alliancebernstein L.P. boosted its position in shares of Academy Sports and Outdoors by 24.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,092,200 shares of the company’s stock valued at $47,948,000 after acquiring an additional 217,857 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Academy Sports and Outdoors by 195.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock valued at $1,969,000 after acquiring an additional 32,574 shares in the last quarter. Tensile Capital Management LP boosted its position in shares of Academy Sports and Outdoors by 11.4% during the 4th quarter. Tensile Capital Management LP now owns 849,784 shares of the company’s stock valued at $37,306,000 after acquiring an additional 87,089 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Academy Sports and Outdoors by 65.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,200 shares of the company’s stock valued at $579,000 after acquiring an additional 5,200 shares in the last quarter. Institutional investors own 89.94% of the company’s stock.
Academy Sports and Outdoors Trading Up 3.5 %
ASO opened at $39.80 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. The firm has a 50 day simple moving average of $35.43 and a 200 day simple moving average of $36.74. Academy Sports and Outdoors, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $51.08.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last posted 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. Academy Sports and Outdoors’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. On average, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 7.05 earnings per share for the current year.
Academy Sports and Outdoors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 16th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, June 15th. Academy Sports and Outdoors’s payout ratio is presently 4.30%.
Analysts Set New Price Targets
ASO has been the topic of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, May 4th. Stephens lifted their target price on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 8th. Loop Capital lifted their target price on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a research report on Wednesday, March 30th. Truist Financial started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, March 24th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $55.08.
About Academy Sports and Outdoors
(Get Rating)
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.
Further Reading
Receive News & Ratings for Academy Sports and Outdoors Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Academy Sports and Outdoors and related companies with MarketBeat.com’s FREE daily email newsletter.