Tower Research Capital LLC TRC Purchases 6,484 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tower Research Capital LLC TRC boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 248.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ASO. Bank of New York Mellon Corp lifted its holdings in Academy Sports and Outdoors by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after buying an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Academy Sports and Outdoors in the fourth quarter worth about $1,969,000. Wells Fargo & Company MN lifted its holdings in Academy Sports and Outdoors by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 216,686 shares of the company’s stock worth $12,466,000 after buying an additional 22,146 shares during the period. Pacifica Capital Investments LLC lifted its holdings in Academy Sports and Outdoors by 7.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company’s stock worth $23,041,000 after buying an additional 29,410 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Academy Sports and Outdoors by 20.6% in the fourth quarter. Empowered Funds LLC now owns 163,109 shares of the company’s stock worth $9,384,000 after buying an additional 27,824 shares during the period.

Wall Street Analysts Forecast Growth

ASO has been the subject of several recent research reports. Citigroup lowered their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, March 17th. Evercore ISI lowered their target price on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. B. Riley lowered their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, March 21st. Morgan Stanley reduced their price target 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 report on Friday, March 21st. Finally, 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.63.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $38.06 on Tuesday. The company has a market cap of $2.53 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.02 and a beta of 1.26. 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 business’s 50 day moving average price is $43.86 and its 200-day moving average price is $49.88. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 EPS. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.37%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 9.01%.

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.