Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 326,132 shares of the company’s stock after purchasing an additional 8,848 shares during the quarter. JPMorgan Chase & Co.’s holdings in Academy Sports and Outdoors were worth $19,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASO. Geode Capital Management LLC raised its stake in shares of Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock worth $118,092,000 after buying an additional 50,715 shares in the last quarter. Public Sector Pension Investment Board raised its position in Academy Sports and Outdoors by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 162,406 shares of the company’s stock worth $8,648,000 after acquiring an additional 10,416 shares in the last quarter. Citigroup Inc. lifted its holdings in Academy Sports and Outdoors by 66.4% in the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after acquiring an additional 38,155 shares during the last quarter. FMR LLC boosted its position in shares of Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock worth $12,983,000 after purchasing an additional 39,134 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ASO. Robert W. Baird reduced their target price on shares of 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. Evercore ISI lowered Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $65.00 to $60.00 in a research note on Thursday, October 3rd. Truist Financial lifted their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus price target of $61.67.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $58.86 on Friday. The business’s 50-day moving average is $52.78 and its 200-day moving average is $53.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.06 and a beta of 1.25. 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 data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company posted $1.38 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. Academy Sports and Outdoors’s dividend payout ratio is 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.