Alberta Investment Management Corp Makes New Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Alberta Investment Management Corp purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,800 shares of the company's stock, valued at approximately $967,000.

A number of other institutional investors have also added to or reduced their stakes in ASO. Geode Capital Management LLC increased its stake in Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock worth $118,092,000 after acquiring an additional 50,715 shares during the last quarter. Citigroup Inc. raised its stake in Academy Sports and Outdoors by 66.4% during the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock valued at $5,582,000 after purchasing an additional 38,155 shares in the last quarter. FMR LLC lifted its position in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company's stock worth $12,983,000 after buying an additional 39,134 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth about $633,000.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Telsey Advisory Group lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Wedbush reissued an "outperform" rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. TD Cowen raised their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, Citigroup started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a "buy" rating and a $65.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.67.

Academy Sports and Outdoors Stock Down 0.5 %

NASDAQ ASO traded down $0.27 on Monday, reaching $50.57. 1,629,884 shares of the stock traded hands, compared to its average volume of 1,417,768. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a 12 month low of $44.73 and a 12 month high of $75.73. The company has a fifty day moving average price of $54.86 and a 200-day moving average price of $53.96.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. The firm's revenue was down 3.9% on a year-over-year basis. As a group, research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is 7.22%.

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.