Foster & Motley Inc. acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,316 shares of the company’s stock, valued at approximately $910,000.
Several other hedge funds and other institutional investors have also made changes to their positions in ASO. Kingsview Wealth Management LLC acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at about $2,660,000. Systematic Financial Management LP grew its position in shares of Academy Sports and Outdoors by 22.7% in the fourth quarter. Systematic Financial Management LP now owns 319,748 shares of the company’s stock valued at $15,975,000 after purchasing an additional 59,051 shares during the last quarter. King Luther Capital Management Corp grew its holdings in Academy Sports and Outdoors by 12.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,573,073 shares of the company’s stock valued at $78,591,000 after buying an additional 176,463 shares in the last quarter. Delphi Management Inc. MA acquired a new position in shares of Academy Sports and Outdoors in the first quarter valued at about $1,190,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $1,671,000.
Academy Sports and Outdoors Stock Up 1.5%
Shares of NASDAQ ASO opened at $47.56 on Thursday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.36. Academy Sports and Outdoors, Inc. has a 1 year low of $41.29 and a 1 year high of $62.44. The company has a 50-day moving average price of $48.36 and a 200-day moving average price of $53.09.
Academy Sports and Outdoors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, June 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 18th. Academy Sports and Outdoors’s payout ratio is 10.56%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ASO. Truist Financial reduced their target price on Academy Sports and Outdoors from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Wednesday, June 10th. UBS Group reduced their price objective on Academy Sports and Outdoors from $56.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Wells Fargo & Company restated a “hold” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, June 10th. Stephens began coverage on Academy Sports and Outdoors in a research note on Wednesday, May 13th. They issued an “overweight” rating and a $78.00 price target for the company. Finally, The Goldman Sachs Group lowered their target price on shares of Academy Sports and Outdoors from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus price target of $58.07.
Get Our Latest Stock Analysis on ASO
Academy Sports and Outdoors Company Profile
Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.
The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.
Featured Articles
- Five stocks we like better than Academy Sports and Outdoors
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
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. (NASDAQ:ASO – Free Report).
Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.
