Swiss National Bank Sells 2,600 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Swiss National Bank trimmed its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,300 shares of the company’s stock after selling 2,600 shares during the period. Swiss National Bank owned about 0.20% of Academy Sports and Outdoors worth $7,956,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ASO. Victory Capital Management Inc. boosted its stake in Academy Sports and Outdoors by 15.3% in the third quarter. Victory Capital Management Inc. now owns 51,988 shares of the company’s stock worth $3,034,000 after purchasing an additional 6,894 shares in the last quarter. KBC Group NV boosted its stake in Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company’s stock worth $122,000 after purchasing an additional 408 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Academy Sports and Outdoors in the third quarter worth $255,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Academy Sports and Outdoors in the third quarter worth $1,538,000. Finally, Intech Investment Management LLC acquired a new position in Academy Sports and Outdoors in the third quarter worth $1,167,000.

Analysts Set New Price Targets

ASO has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Morgan Stanley cut their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday. Wedbush cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. B. Riley cut their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.38.

Academy Sports and Outdoors Trading Down 0.4 %

NASDAQ ASO opened at $47.23 on Friday. The stock has a 50-day simple moving average of $51.09 and a 200 day simple moving average of $53.16. The company has a market capitalization of $3.28 billion, a PE ratio of 7.76, a P/E/G ratio of 1.02 and a beta of 1.25. 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, Inc. has a 12 month low of $43.16 and a 12 month high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company earned $2.21 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a $0.13 dividend. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio is 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.