Plan Group Financial LLC Has $350,000 Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Plan Group Financial LLC boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,078 shares of the company’s stock after acquiring an additional 355 shares during the quarter. Plan Group Financial LLC’s holdings in Academy Sports and Outdoors were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASO. FMR LLC raised its stake in shares of Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Academy Sports and Outdoors by 331.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company’s stock valued at $55,210,000 after purchasing an additional 737,212 shares during the last quarter. Royce & Associates LP boosted its stake in Academy Sports and Outdoors by 62.5% in the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after purchasing an additional 365,929 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Academy Sports and Outdoors by 203.2% during the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company’s stock worth $29,998,000 after purchasing an additional 344,466 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Academy Sports and Outdoors by 8.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock valued at $152,413,000 after buying an additional 197,384 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ASO shares. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Telsey Advisory Group reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Robert W. Baird reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Citigroup started coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $52.69 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm has a market capitalization of $3.66 billion, a PE ratio of 8.65, a P/E/G ratio of 1.04 and a beta of 1.23. The stock has a 50 day simple moving average of $55.03 and a 200 day simple moving average of $53.90. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 EPS. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

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.