Greenland Capital Management LP Invests $2.48 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Greenland Capital Management LP acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,147 shares of the company's stock, valued at approximately $2,482,000. Greenland Capital Management LP owned 0.06% of Academy Sports and Outdoors as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of ASO. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors during the third quarter valued at $40,000. AlphaQuest LLC lifted its holdings in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of 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 buying an additional 915 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of 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 buying an additional 843 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after acquiring an additional 334 shares during the period.

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Academy Sports and Outdoors Price Performance

NASDAQ ASO traded down $1.15 during mid-day trading on Friday, hitting $36.57. The stock had a trading volume of 1,923,181 shares, compared to its average volume of 1,616,272. The firm's 50 day moving average is $47.18 and its 200 day moving average is $51.29. 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 stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 1.02 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 earnings per share. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business 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. 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 1.42%. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors's payout ratio is currently 9.01%.

Analysts Set New Price Targets

Several equities research analysts have commented on ASO shares. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Telsey Advisory Group reissued an "outperform" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, March 17th. TD Cowen lifted their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. UBS Group lowered their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, Robert W. Baird cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.63.

Academy Sports and Outdoors Company 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.