Dynamic Technology Lab Private Ltd Invests $1.97 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 34,220 shares of the company's stock, valued at approximately $1,969,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter valued at $52,402,000. Norges Bank purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at approximately $47,436,000. Stephens Investment Management Group LLC boosted its holdings in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after purchasing an additional 737,212 shares during the last quarter. American Century Companies Inc. grew its position in Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after purchasing an additional 545,778 shares during the period. Finally, Boston Partners purchased a new stake in Academy Sports and Outdoors during the 4th quarter valued at $27,445,000.

Academy Sports and Outdoors Price Performance

ASO stock traded down $1.93 during midday trading on Thursday, hitting $37.98. The company's stock had a trading volume of 679,609 shares, compared to its average volume of 1,606,686. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.62. The company has a 50 day moving average of $47.74 and a two-hundred day moving average of $51.66.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $2.21 EPS. Academy Sports and Outdoors's revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed 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. This represents a $0.52 annualized dividend and a dividend yield of 1.37%. This is a boost 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 is 9.01%.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Loop Capital dropped their price objective on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday. 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. Wedbush dropped their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Morgan Stanley reduced their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.63.

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.