Boston Partners Makes New $27.45 Million Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Boston Partners bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 480,267 shares of the company’s stock, valued at approximately $27,445,000. Boston Partners owned approximately 0.69% of Academy Sports and Outdoors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the third quarter valued at approximately $40,000. AlphaQuest LLC increased its holdings in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after acquiring an additional 915 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after acquiring an additional 843 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after acquiring an additional 408 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO opened at $47.57 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a 52-week low of $43.16 and a 52-week high of $72.16. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 1.02 and a beta of 1.25. The business’s fifty day moving average is $51.53 and its 200 day moving average is $53.26.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is presently 8.54%.

Analyst Upgrades and Downgrades

ASO has been the subject of several recent research reports. TD Cowen boosted their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday. Robert W. Baird decreased their price target 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. Wedbush reiterated an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Finally, Truist Financial upped their price target 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. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.13.

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.