Greatmark Investment Partners Inc. bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 303,135 shares of the company's stock, valued at approximately $17,439,000. Academy Sports and Outdoors makes up approximately 2.4% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 16th biggest holding. Greatmark Investment Partners Inc. owned approximately 0.44% of Academy Sports and Outdoors as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in Academy Sports and Outdoors by 15.3% in the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after acquiring an additional 1,422,971 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company's stock valued at $152,413,000 after buying an additional 197,384 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 valued at $118,092,000 after buying an additional 50,715 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock valued at $55,210,000 after buying an additional 737,212 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Academy Sports and Outdoors by 62.5% in the 3rd quarter. Royce & Associates LP now owns 951,256 shares of the company's stock valued at $55,515,000 after buying an additional 365,929 shares during the period.
Academy Sports and Outdoors Price Performance
ASO traded up $1.18 during trading on Wednesday, reaching $47.57. 2,691,030 shares of the stock were exchanged, compared to its average volume of 1,554,763. The business's 50 day moving average price is $51.75 and its two-hundred day moving average price is $53.30. 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 company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a 1 year low of $43.16 and a 1 year high of $72.35.
Academy Sports and Outdoors Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.09%. 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 payout ratio is presently 8.54%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on ASO shares. Citigroup decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday. UBS Group decreased their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday. Robert W. Baird decreased their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Telsey Advisory Group restated an "outperform" rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Finally, Truist Financial boosted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of "Hold" and an average target price of $61.13.
Read Our Latest Stock Report on Academy Sports and Outdoors
Academy Sports and Outdoors Profile
(
Free Report)
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.
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