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

Denali Advisors LLC purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 29,153 shares of the company’s stock, valued at approximately $1,677,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company’s stock worth $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Academy Sports and Outdoors by 8.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock worth $152,413,000 after purchasing an additional 197,384 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after purchasing an additional 50,715 shares during the period. Stephens Investment Management Group LLC increased its stake in Academy Sports and Outdoors by 331.4% in the fourth 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. Finally, Royce & Associates LP lifted its position in Academy Sports and Outdoors by 62.5% during the third quarter. Royce & Associates LP now owns 951,256 shares of the company’s stock worth $55,515,000 after buying an additional 365,929 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Truist Financial lifted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. TD Cowen upped their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.67.

Academy Sports and Outdoors Stock Down 0.9 %

Shares of NASDAQ ASO opened at $50.71 on Thursday. The stock has a fifty day moving average price of $54.57 and a 200 day moving average price of $53.95. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The company has a market cap of $3.52 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.02 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

About Academy Sports and Outdoors

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.