Denali Advisors LLC Acquires Shares of 29,153 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Denali Advisors LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,153 shares of the company’s stock, valued at approximately $1,677,000.

A number of other institutional investors have also modified their holdings of the business. Creative Planning grew its holdings in shares of Academy Sports and Outdoors by 49.3% during the third quarter. Creative Planning now owns 23,196 shares of the company’s stock worth $1,354,000 after buying an additional 7,657 shares during the last quarter. Raymond James & Associates lifted its position in Academy Sports and Outdoors by 2.3% during the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock worth $2,341,000 after acquiring an additional 892 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Academy Sports and Outdoors by 45.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,754 shares of the company’s stock valued at $589,000 after purchasing an additional 3,060 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 53.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after purchasing an additional 421 shares during the period. Finally, Strategic Blueprint LLC purchased a new stake in shares of Academy Sports and Outdoors during the third quarter worth approximately $286,000.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group lowered 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 report on Thursday, December 5th. Robert W. Baird dropped their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average target price of $61.67.

Academy Sports and Outdoors Stock Performance

ASO opened at $50.71 on Thursday. Academy Sports and Outdoors, Inc. has a 1-year low of $44.73 and a 1-year high of $75.73. The stock has a market cap of $3.52 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.02 and a beta of 1.23. The stock’s 50 day simple moving average is $54.57 and its 200 day simple moving average is $53.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results 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 during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.44 annualized dividend and a yield of 0.87%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

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.