Quantbot Technologies LP Acquires 15,916 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Quantbot Technologies LP increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,771 shares of the company's stock after acquiring an additional 15,916 shares during the quarter. Quantbot Technologies LP owned approximately 0.08% of Academy Sports and Outdoors worth $3,324,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ASO. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the third quarter valued at approximately $40,000. AlphaQuest LLC increased its stake in Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Academy Sports and Outdoors by 1,307.1% during 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 lifted 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 valued at $69,000 after buying an additional 843 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock valued at $151,000 after buying an additional 334 shares during the last quarter.

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Analyst Ratings Changes

A number of research firms recently weighed in on ASO. Truist Financial upped their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. B. Riley dropped their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Robert W. Baird cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. UBS Group lowered their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Finally, TD Cowen lifted their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and an average price target of $60.13.

Academy Sports and Outdoors Stock Performance

ASO traded down $0.69 during midday trading on Thursday, reaching $48.29. The company had a trading volume of 1,257,678 shares, compared to its average volume of 1,539,221. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $68.96. The business has a 50-day moving average price of $50.86 and a two-hundred day moving average price of $53.06. The stock has a market cap of $3.35 billion, a PE ratio of 7.93, a P/E/G ratio of 1.02 and a beta of 1.25. 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 (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $2.21 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. On average, sell-side analysts expect 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 company 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. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.08%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.01%.

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.