Texas Permanent School Fund Dilutes Equity Position in Academy Sports and Outdoors, Inc. (NASDAQ: ASO)
Other large investors have also recently added or reduced their stakes in the company. Romano Brothers AND Company secured a new position in the Sports and Outdoors Academy during the fourth quarter valued at $26,000. CWM LLC strengthened its position in Academy Sports and Outdoors stock up 135.1% in the third quarter. CWM LLC now owns 757 shares of the company’s stock worth $32,000 after purchasing an additional 435 shares during the most recent quarter. Captrust Financial Advisors increased its position in Academy Sports and Outdoors stock by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company’s stock valued at $40,000 after purchasing an additional 357 shares during the most recent quarter. Wipfli Financial Advisors LLC acquired a new stake in Academy Sports and Outdoors stock in the third quarter valued at approximately $43,000. Finally, HWG Holdings LP acquired a new interest in Academy Sports and Outdoors stock in the third quarter worth approximately $65,000. 94.63% of the shares are currently held by institutional investors and hedge funds.
Analysts set new price targets
A number of equities research analysts have recently commented on the stock. Robert W. Byrd began coverage of Academy of Sports & Outdoors stocks in a research report on Tuesday, March 21st. They issued a “Superior” rating and a price target of $80.00 for the company. Gordon Haskett begins coverage of Academy Sports and Outdoors stocks in a research report on Friday, April 28th. They assigned an “accumulation” rating and a price target of $73.00 for the company. Jefferies Financial Group began coverage of Academy Sports and Outdoors stock in a research report on Tuesday, March 14th. They assigned a “Buy” rating and a price target of $73.00 to the company. Guggenheim raised its price target for shares of Academy Sports and Outdoors from $70 to $73.00 in a research report on Monday, May 1st. Finally, Wedbush raised its price target on shares of Academy Sports and Outdoors from $68.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, March 17th. One research analyst has rated the stock with a hold rating and Fourteen has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.50.
The academy’s trading in sports and outdoor games decreased by 0.7%.
The NASDAQ ASO opened at $60.60 on Tuesday. Academy Sports and Outdoors, Inc. The 12-month low is at $25.10 and the 12-month high is at $69.02. The company has a 50-day moving average of $63.33 and a 200-day moving average of $56.26. 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 company has a market capitalization of $4.66 billion, a P/E ratio of 8.08, a P/E ratio of 0.68 and a beta ratio of 1.14.
The Academy Sports and Outdoors (NASDAQ: ASO – Get Rating) last released its earnings results on Thursday, March 16th. The company reported earnings of $1.99 per share (EPS) for the quarter, beating analyst estimates of $1.83 by $0.16. The company generated $1.75 billion in revenue for the quarter, compared to analyst expectations of $1.79 billion. Academy Sports and Outdoors had a return on equity of 41.09% and a net margin of 9.82%. During the same quarter in the previous year, the company earned $1.61 EPS. As a group, equity analysts expect Academy Sports and Outdoors, Inc. 7.18 earnings per share for the current year.
The Academy of Sports and Outdoor Activities increases its profits
The company also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Thursday, March 23rd were issued a dividend of $0.09. This represents a dividend of $0.36 on an annual basis and a yield of 0.59%. The date for the dividend payout was Wednesday, March 22nd. This is a boost from Academy Sports and Outdoors’ prior quarterly earnings of $0.08. The Academy Sports and Outdoors dividend yield is currently 4.80%.
About the Academy of Sports and Outdoors
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 cookware, wheeled goods, trampolines, playsets, water sports, pet equipment, as well as electronic products, watches, consumables, batteries, etc.
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).
This instant news alert was created by MarketBeat’s narrative science and financial data technology to provide readers with the fastest, most accurate reporting possible. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider the Academy Sports and Outdoors, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks top analysts are quietly whispering to their clients to buy now before the broader market captures…and Academy Sports and Outdoors wasn’t on the list.
While Academy Sports and Outdoors currently has a “moderate buy” rating among analysts, the higher-rated analysts think these five stocks are a better buy.
View the five stocks here