Raymond James Financial Inc. Invests $2.34 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Raymond James Financial Inc. bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,712 shares of the company's stock, valued at approximately $2,342,000. Raymond James Financial Inc. owned approximately 0.06% of Academy Sports and Outdoors at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Academy Sports and Outdoors by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company's stock worth $43,831,000 after acquiring an additional 8,613 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Academy Sports and Outdoors by 66.4% in 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. Townsquare Capital LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter worth approximately $240,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Academy Sports and Outdoors by 3.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,973 shares of the company's stock worth $1,049,000 after buying an additional 569 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Academy Sports and Outdoors in the 3rd quarter valued at $874,000.

Academy Sports and Outdoors Stock Up 2.2 %

Shares of NASDAQ:ASO traded up $1.03 during trading on Wednesday, hitting $47.63. 1,172,709 shares of the company's stock traded hands, compared to its average volume of 1,566,924. The company has a 50-day moving average price of $50.19 and a 200-day moving average price of $52.76. Academy Sports and Outdoors, Inc. has a 52 week low of $43.16 and a 52 week high of $64.62. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The business's quarterly revenue was down 6.6% compared to the same quarter last year. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.09%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 9.01%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASO. Truist Financial upped their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised 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 research note on Friday, March 21st. Citigroup dropped their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Morgan Stanley reduced their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Finally, UBS Group dropped their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.69.

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.