3 weeks Ago By Defense World Staff
Wells Fargo & Company MN raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 216,686 shares of the company’s stock after buying an additional 22,146 shares during the quarter. Wells Fargo & Company MN owned 0.31% of Academy Sports and Outdoors worth $12,466,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at $52,402,000. Norges Bank acquired a new stake in Academy Sports and Outdoors during the fourth quarter worth $47,436,000.
Stephens Investment Management Group LLC raised its position 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 in the last quarter.
American Century Companies Inc. grew its holdings in shares of 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 last quarter. Finally, Boston Partners acquired a new position in Academy Sports and Outdoors in the fourth quarter worth $27,445,000.
Academy Sports and Outdoors Stock Down 1.3 %Shares of ASO opened at $36.77 on Wednesday.
The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.
57. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 6.
04, a PEG ratio of 1.02 and a beta of 1.26.
Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.
62. The stock has a fifty day moving average of $46.58 and a 200-day moving average of $51.
03. Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last released its quarterly 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.
Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%.
The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion.
During the same quarter in the previous year, the company posted $2.21 EPS. The business’s revenue was down 6.
6% on a year-over-year basis. As a group, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.
59 earnings per share for the current fiscal year. Academy Sports and Outdoors Increases DividendThe business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be paid a dividend of $0.
13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.
11. This represents a $0.52 annualized dividend and a yield of 1.
41%. Academy Sports and Outdoors’s dividend payout ratio is currently 9.01%.
Analysts Set New Price TargetsA number of research firms have issued reports on ASO. TD Cowen upped their target price on shares of Academy Sports and Outdoors from $54.00 to $61.
00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Oppenheimer dropped their price target on Academy Sports and Outdoors from $85.00 to $70.
00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their price target on Academy Sports and Outdoors from $52.
00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Citigroup cut 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 report on Monday, March 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $60.
00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.63.Get Our Latest Analysis on ASOAcademy 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.Featured StoriesFive stocks we like better than Academy Sports and OutdoorsAbout the Markup CalculatorBeware of BigBear.ai: Insiders Are Selling—Should You?What Are the FAANG Stocks and Are They Good Investments?CrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsPros And Cons Of Monthly Dividend StocksCongress! Who Traded What During the Tariff-Induced Meltdown.
