AdvisorShares Investments LLC Makes New Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

AdvisorShares Investments LLC purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,400 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors and hedge funds have also modified their holdings of ASO. Northern Trust Corp lifted its position in shares of Academy Sports and Outdoors by 6.8% in the fourth quarter. Northern Trust Corp now owns 774,911 shares of the company’s stock worth $44,581,000 after buying an additional 49,106 shares during the last quarter. Penn Capital Management Company LLC lifted its holdings in Academy Sports and Outdoors by 16.4% in the 4th quarter. Penn Capital Management Company LLC now owns 174,851 shares of the company’s stock worth $10,059,000 after purchasing an additional 24,674 shares during the last quarter. Syon Capital LLC bought a new stake in Academy Sports and Outdoors during the fourth quarter worth approximately $213,000. Hood River Capital Management LLC acquired a new position in Academy Sports and Outdoors during the fourth quarter valued at approximately $42,320,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Academy Sports and Outdoors by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 421,719 shares of the company’s stock worth $24,262,000 after buying an additional 3,756 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Loop Capital lowered their target price on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wedbush dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Robert W. Baird decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Morgan Stanley lowered their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus price target of $58.63.

Academy Sports and Outdoors Stock Down 0.2 %

NASDAQ ASO opened at $38.00 on Wednesday. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.62. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $43.59 and its two-hundred day moving average is $49.80. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 1.02 and a beta of 1.26.

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

Academy Sports and Outdoors Increases Dividend

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