Academy Sports and Outdoors (NASDAQ:ASO) Sets New 12-Month Low - Here's What Happened

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.50 and last traded at $44.99, with a volume of 707730 shares. The stock had previously closed at $46.78.

Analyst Ratings Changes

ASO has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Telsey Advisory Group decreased 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 Thursday, December 5th. Truist Financial increased their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Finally, TD Cowen increased their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.67.

Academy Sports and Outdoors Price Performance

The firm has a fifty day moving average of $52.18 and a 200 day moving average of $53.43. The company has a market capitalization of $3.13 billion, a P/E ratio of 7.41, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

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Academy Sports and Outdoors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.15%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 8.54%.

Institutional Investors Weigh In On Academy Sports and Outdoors

Large investors have recently bought and sold shares of the business. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors in the 3rd quarter worth about $40,000. AlphaQuest LLC boosted its position in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC boosted its position in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 worth $69,000 after purchasing an additional 843 shares during the last quarter.

About Academy Sports and Outdoors

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.