Alberta Investment Management Corp Buys Shares of 16,800 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Alberta Investment Management Corp bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 4th quarter, Holdings Channel reports. The fund bought 16,800 shares of the company’s stock, valued at approximately $967,000.

Several other institutional investors also recently modified their holdings of the business. Simmons Bank boosted its stake in Academy Sports and Outdoors by 1.9% in the third quarter. Simmons Bank now owns 10,860 shares of the company’s stock valued at $634,000 after acquiring an additional 200 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company’s stock worth $324,000 after purchasing an additional 323 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after purchasing an additional 334 shares during the period. Plan Group Financial LLC grew its stake in shares of Academy Sports and Outdoors by 6.2% during the fourth quarter. Plan Group Financial LLC now owns 6,078 shares of the company’s stock worth $350,000 after purchasing an additional 355 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in Academy Sports and Outdoors by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock valued at $553,000 after purchasing an additional 362 shares during the last quarter.

Academy Sports and Outdoors Stock Down 1.3 %

ASO stock opened at $50.84 on Friday. The business has a 50-day moving average of $54.86 and a 200-day moving average of $53.88. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73. The stock has a market capitalization of $3.53 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.03 and a beta of 1.23. 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 issued its quarterly 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). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $1.38 earnings per share. Academy Sports and Outdoors’s revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a $0.11 dividend. 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 payout ratio is currently 7.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Robert W. Baird reduced their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a 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 for the company in a research note on Thursday, December 5th. Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Citigroup began 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, Truist Financial lifted their target price 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and a consensus target price 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.