Bleakley Financial Group LLC Takes $212,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bleakley Financial Group LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,679 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors in the third quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth $40,000. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter valued at $40,000. Farther Finance Advisors LLC raised its position in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after purchasing an additional 366 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Academy Sports and Outdoors by 53.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after purchasing an additional 421 shares during the period.

Analysts Set New Price Targets

ASO has been the topic of several recent analyst reports. Truist Financial raised their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. 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. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Citigroup initiated coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Down 0.8 %

Shares of NASDAQ:ASO opened at $52.63 on Thursday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. The firm’s 50 day moving average price is $54.75 and its 200 day moving average price is $53.87. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73.

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

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 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.