6,446 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,446 shares of the company's stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $40,000. AlphaQuest LLC raised its holdings in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust boosted its position 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 valued at $57,000 after purchasing an additional 915 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 purchasing an additional 843 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASO. Wedbush cut their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. B. Riley cut their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Robert W. Baird decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.13.

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Academy Sports and Outdoors Stock Performance

ASO traded down $0.69 during trading on Thursday, hitting $48.29. The stock had a trading volume of 1,257,678 shares, compared to its average volume of 1,539,221. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a 50 day moving average price of $50.86 and a 200-day moving average price of $53.06. Academy Sports and Outdoors, Inc. has a one year low of $43.16 and a one year high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $2.21 earnings per share. Academy Sports and Outdoors's revenue was down 6.6% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.08%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.01%.

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.