Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Short Interest Update

Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Free Report) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,690,000 shares, a decline of 7.3% from the February 29th total of 8,300,000 shares. Based on an average daily trading volume, of 1,330,000 shares, the short-interest ratio is currently 5.8 days. Currently, 10.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Truist Financial restated a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Wells Fargo & Company dropped their target price on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and issued a $80.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Finally, Morgan Stanley dropped their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.81.

View Our Latest Report on ASO

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently bought and sold shares of ASO. BlackRock Inc. raised its position in Academy Sports and Outdoors by 124.0% during the 1st quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after purchasing an additional 7,507,589 shares in the last quarter. State Street Corp increased its holdings in shares of Academy Sports and Outdoors by 73.0% in the 1st quarter. State Street Corp now owns 2,834,137 shares of the company’s stock valued at $111,872,000 after acquiring an additional 1,196,076 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Academy Sports and Outdoors by 11,157.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock valued at $42,542,000 after acquiring an additional 1,070,181 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Academy Sports and Outdoors by 680.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock valued at $45,212,000 after acquiring an additional 1,000,500 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Academy Sports and Outdoors by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 9,462,337 shares of the company’s stock valued at $372,817,000 after acquiring an additional 958,800 shares during the period.

Academy Sports and Outdoors Trading Down 3.8 %

Shares of ASO stock traded down $2.57 on Tuesday, reaching $64.20. 211,675 shares of the company’s stock were exchanged, compared to its average volume of 1,321,567. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.78 billion, a PE ratio of 9.83, a P/E/G ratio of 0.90 and a beta of 1.35. The company’s fifty day simple moving average is $68.39 and its 200 day simple moving average is $58.27.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.69%. Academy Sports and Outdoors’s payout ratio is 6.55%.

About Academy Sports and Outdoors

(Get Free Report)

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, camping accessories and equipment, sunglasses, backpacks, and sports bags; 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, optics, airguns, and hunting equipment.

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