Tower Research Capital LLC TRC Raises Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tower Research Capital LLC TRC increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 248.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,093 shares of the company’s stock after acquiring an additional 6,484 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Academy Sports and Outdoors were worth $523,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASO. AlphaQuest LLC increased its holdings in 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 purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust grew 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 acquiring an additional 915 shares in the last quarter. Smartleaf Asset Management LLC grew 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 acquiring an additional 843 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Academy Sports and Outdoors by 724.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock worth $93,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Academy Sports and Outdoors by 14.8% in 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 in the last quarter.

Academy Sports and Outdoors Price Performance

ASO stock opened at $38.06 on Tuesday. The stock has a 50-day moving average price of $43.86 and a two-hundred day moving average price of $49.88. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month 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 $2.53 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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 during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is 9.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price objective 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. Oppenheimer reduced their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Morgan Stanley decreased their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird lowered 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 note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus price target 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.