Oregon Public Employees Retirement Fund purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 33,311 shares of the company’s stock, valued at approximately $1,312,000.
Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd bought a new stake in Academy Sports and Outdoors during the fourth quarter worth about $59,000. Nisa Investment Advisors LLC lifted its position in Academy Sports and Outdoors by 826.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company’s stock worth $54,000 after purchasing an additional 1,240 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Academy Sports and Outdoors by 97.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,808 shares of the company’s stock worth $211,000 after purchasing an additional 2,369 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Academy Sports and Outdoors during the fourth quarter worth about $215,000. Finally, Belvedere Trading LLC bought a new stake in Academy Sports and Outdoors during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 89.94% of the company’s stock.
Shares of ASO stock opened at $37.39 on Tuesday. The firm has a 50 day moving average of $35.43 and a 200-day moving average of $36.83. Academy Sports and Outdoors, Inc. has a 52 week low of $25.10 and a 52 week high of $51.08. The company has a quick ratio of 0.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 5.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.32.
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 (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm posted $1.89 EPS. Academy Sports and Outdoors’s revenue was down 7.1% compared to the same quarter last year. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 7.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 16th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, June 15th. Academy Sports and Outdoors’s payout ratio is currently 4.30%.
ASO has been the subject of a number of research reports. Stephens increased their target price on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, June 8th. Wells Fargo & Company dropped their target price on shares of Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 24th. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 target price for the company. UBS Group dropped their target price on shares of Academy Sports and Outdoors to $55.00 in a report on Thursday, June 9th. Finally, The Goldman Sachs Group dropped their target price on shares of 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. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $55.08.
Academy Sports and Outdoors Company Profile (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.
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