Dynamic Technology Lab Private Ltd Makes New $1.97 Million Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,220 shares of the company’s stock, valued at approximately $1,969,000.

Several other institutional investors have also recently made changes to their positions in the business. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter worth $40,000. AlphaQuest LLC increased its position in Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after buying an additional 915 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after buying an additional 843 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after buying an additional 334 shares in the last quarter.

Analyst Upgrades and Downgrades

ASO has been the topic of a number of recent analyst reports. Wedbush decreased their target price on shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. B. Riley dropped 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. Truist Financial raised 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. Finally, Citigroup dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.69.

Academy Sports and Outdoors Stock Down 4.1 %

NASDAQ ASO opened at $37.60 on Friday. The stock has a 50 day moving average price of $49.49 and a 200-day moving average price of $52.51. Academy Sports and Outdoors, Inc. has a one year low of $35.64 and a one year high of $64.62. 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 company has a market capitalization of $2.52 billion, a P/E ratio of 6.17, a P/E/G ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO) last released 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. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $2.21 earnings per share. Academy Sports and Outdoors’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.38%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 9.01%.

Academy Sports and Outdoors 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.