Spring Capital Management LLC Makes New Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Spring Capital Management LLC purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC lifted its stake in Academy Sports and Outdoors by 4.6% in the 3rd quarter. CWM LLC now owns 4,480 shares of the company’s stock valued at $261,000 after acquiring an additional 196 shares in the last quarter. Simmons Bank lifted its position in shares of Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock worth $634,000 after purchasing an additional 200 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in Academy Sports and Outdoors by 1.3% during the third quarter. Daymark Wealth Partners LLC now owns 15,403 shares of the company’s stock worth $899,000 after purchasing an additional 203 shares during the last quarter. Trust Investment Advisors increased its stake in Academy Sports and Outdoors by 1.8% in the 2nd quarter. Trust Investment Advisors now owns 15,030 shares of the company’s stock valued at $800,000 after buying an additional 266 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Academy Sports and Outdoors by 10.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,011 shares of the company’s stock worth $160,000 after buying an additional 290 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.2 %

Shares of NASDAQ:ASO opened at $52.58 on Friday. The stock has a market cap of $3.65 billion, a PE ratio of 8.63, a P/E/G ratio of 1.29 and a beta of 1.25. The business has a 50 day moving average of $53.02 and a 200-day moving average of $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 12-month low of $44.73 and a 12-month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted 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). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.62 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is currently 7.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Telsey Advisory Group lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird cut 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. Truist Financial boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, TD Cowen increased their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.67.

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.