2 weeks Ago By ABMN Staff
Bank of Montreal Can increased its holdings in Academy Sports and Outdoors, Inc. ( NASDAQ:ASO – Free Report ) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 9,114 shares of the company’s stock after purchasing an additional 598 shares during the period. Bank of Montreal Can’s holdings in Academy Sports and Outdoors were worth $524,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company.
AlphaQuest LLC boosted its stake in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares during the period.
Parkside Financial Bank & Trust increased its position 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 valued at $57,000 after acquiring an additional 915 shares during the period.
Smartleaf Asset Management LLC raised its stake in shares of Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after acquiring an additional 843 shares during the last quarter.
Blue Trust Inc. increased its holdings in Academy Sports and Outdoors by 14.8% during the 4th quarter.
Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after purchasing an additional 334 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in Academy Sports and Outdoors during the 4th quarter valued at approximately $212,000.
Analyst Ratings Changes A number of brokerages recently commented on ASO. TD Cowen upped their target price on Academy Sports and Outdoors from $54.00 to $61.
00 and gave the company a “hold” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on shares of 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. Robert W.
Baird decreased their price target on shares of 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.
UBS Group cut their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th.
Finally, Telsey Advisory Group restated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company.
Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.63.
Academy Sports and Outdoors Price Performance Shares of NASDAQ ASO opened at $36.78 on Tuesday. The company has a 50 day moving average of $45.
38 and a 200 day moving average of $50.46. The company has a quick ratio of 0.
32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.
Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.
62. The firm has a market cap of $2.46 billion, a P/E ratio of 6.
04, a PEG ratio of 1.02 and a beta of 1.26.
Academy Sports and Outdoors ( NASDAQ:ASO – Get Free Report ) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (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 the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $2.
21 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis.
As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.
Academy Sports and Outdoors Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were issued a $0.13 dividend.
The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.
41%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11.
Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%. Academy Sports and Outdoors Company 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. Further Reading Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc.
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