SG Americas Securities LLC has purchased 4,865 shares of Academy Sports and Outdoors, Inc. (NASDAQ: ASO)

SG Americas Securities LLC has grown into the Academy Sports and Outdoors, Inc. (NASDAQ: ASO – Get Rating) up 172.9% in the fourth quarter, according to the company in its most recent filing on Form 13F with the Securities and Exchange Commission (SEC). The company owned 7,678 shares of the company’s stock after purchasing an additional 4,865 shares during the quarter. SG Americas Securities LLC’s holdings in Academy Sports and Outdoors were valued at $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings in the company recently. Raymond James Financial Services Advisors Inc. Its position in Academy Sports and Outdoors stock increased 4.2% during the first quarter. Raymond James Financial Services Advisors Inc. Now 48,019 shares of the company’s stock valued at $1,892,000 after purchasing an additional 1,951 shares last quarter. Bank of New York Mellon Corp raised its holdings in Academy Sports and Outdoors shares by 117.2% in the first quarter. Bank of New York Mellon Corp. now owns 850,956 shares of the company’s stock valued at $33,529,000 after acquiring an additional 459,085 shares during the last quarter. PNC Financial Services Group Inc. Its position in the Academy of Sports and Outdoor Activities increased by 42.0% in the first quarter. PNC Financial Services Group Inc. Now 4,798 shares of company stock valued at $190,000 after acquiring an additional 1,419 shares last quarter. Natixis Advisors LP purchased a new interest in Academy Sports and Outdoors during the first quarter for approximately $447,000. Finally, MetLife Investment Management LLC increased its position in the Academy of Sports and Outdoors by 57.0% during the first quarter. MetLife Investment Management LLC now owns 42,967 shares of the company’s stock valued at $1,693,000 after purchasing an additional 15,599 shares during the period. 94.63% of the shares are held by hedge funds and other institutional investors.

Wall Street analyst weighs in

Recently many research companies have been focusing on ASO. Quinn took over coverage of the Academy Sports and Outdoors in a report on Thursday, February 16th. They assigned an “outperform” rating and a price target of $72.00 per share. Wells Fargo & Company raised its target price on shares of Academy Sports and Outdoors from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, March 17th. Loop Capital raised its price target on Academy Sports and Outdoors stock from $65.00 to $73.00 in a research note on Friday, March 17th. Guggenheim raised its price target on Academy Sports and Outdoors from $70 to $73.00 in a research note on Monday, May 1st. Finally, Robert W. Baird kicked off coverage of the Academy Sports and Outdoors program in a research note on Tuesday, March 21st. They assign a “Superior” rating and a price target of $80.00 to the company. One equities research analyst has rated the stock with a hold rating, and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.50.

Academy of Sports and Outdoors stocks fell 0.1%.

Shares of Academy Sports and Outdoors opened at $61.00 on Friday. The company has a debt-to-equity ratio of 0.36, a trading ratio of 1.62 and a quick ratio of 0.39. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 8.13, a price-to-earnings ratio of 0.68 and a beta of 1.14. The company’s 50-day moving average is $63.30, and its 200-day moving average is $56.05. Academy Sports and Outdoors, Inc. It has a one-year low of $25.10 and a one-year high of $69.02.

The Academy Sports and Outdoors (NASDAQ: ASO – Get Rating) last released its quarterly earnings data on Thursday, March 16th. The company reported earnings per share (EPS) of $1.99 for the quarter, beating the consensus estimate of $1.83 by $0.16. The company’s revenue was $1.75 billion for the quarter, compared to analyst estimates of $1.79 billion. Academy Sports and Outdoors had a net profit margin of 9.82% and a return on equity of 41.09%. During the same period last year, the company posted earnings of $1.61 per share. As a group, research analysts expect Academy Sports and Outdoors, Inc. For 7.18 earnings per share for the current fiscal year.

The Academy of Sports and Outdoor Activities increases its profits

The company also recently disclosed its quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Thursday, March 23rd received a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 22nd. This represents a dividend of $0.36 on an annual basis and a yield of 0.59%. This is an increase from Academy Sports and Outdoors’ previous quarterly earnings of $0.08. The Academy Sports and Outdoors (DPR) dividend yield is currently 4.80%.

Sports and outdoor academy profile

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Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a retailer of sporting goods and outdoor recreational products in the United States. The company sells coolers and drinkware, camping supplies, camping gear, sunglasses, backpacks, and gym bags; marine gear, fishing rods, reels, baits, and gear; firearms, ammunition, shooting and shooting equipment, camouflage clothing, waders, shooting accessories, optics, air rifles, and hunting gear; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, water sports, pet equipment, as well as electronic products, watches, consumables, batteries and so on.

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Want to know what other hedge funds hold ASOs? Visit HoldingsChannel.com for 13F filings and insider deals for Academy Sports and Outdoors, Inc. (NASDAQ: ASO – Get Rating).

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