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

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,220 shares of the company’s stock, valued at approximately $1,969,000.

A number of other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC bought a new stake in Academy Sports and Outdoors in the third quarter valued at $40,000. AlphaQuest LLC boosted its stake in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its position 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 buying an additional 915 shares during the period. Smartleaf Asset Management LLC raised its stake in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after buying an additional 334 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $37.60 on Friday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 1.02 and a beta of 1.26. The business’s fifty day simple moving average is $49.49 and its two-hundred day simple moving average is $52.51. Academy Sports and Outdoors, Inc. has a 12 month low of $35.64 and a 12 month high of $64.62. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

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 return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm posted $2.21 earnings per share. Academy Sports and Outdoors’s revenue was down 6.6% compared to the same quarter last year. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

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 given a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. Academy Sports and Outdoors’s dividend payout ratio is 9.01%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wedbush reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. TD Cowen upped 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, January 8th. Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a research report on Thursday, March 20th. Oppenheimer reduced their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.69.

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.