Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 217.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,490 shares of the company’s stock after purchasing an additional 43,489 shares during the period. Intech Investment Management LLC’s holdings in Academy Sports and Outdoors were worth $3,653,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its stake in Academy Sports and Outdoors by 3.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock worth $378,000 after purchasing an additional 210 shares during the period. Nichols & Pratt Advisers LLP MA raised its stake in Academy Sports and Outdoors by 4.7% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock worth $322,000 after purchasing an additional 250 shares during the period. HighTower Advisors LLC raised its stake in Academy Sports and Outdoors by 6.2% during the third 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 period. Blue Trust Inc. raised its stake in shares of Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after acquiring an additional 334 shares during the period. Finally, Plan Group Financial LLC raised its stake in shares of Academy Sports and Outdoors by 6.2% in the 4th quarter. Plan Group Financial LLC now owns 6,078 shares of the company’s stock valued at $350,000 after acquiring an additional 355 shares during the period.

Analyst Ratings Changes

ASO has been the topic of a number of research reports. Robert W. Baird cut their target price 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 cut their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday. TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Finally, UBS Group cut their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.13.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $47.57 on Thursday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. 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, Inc. has a 12-month low of $43.16 and a 12-month high of $72.16. The firm’s fifty day moving average price is $51.53 and its 200 day moving average price 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. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 8.54%.

Academy Sports and Outdoors 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.