Foster & Motley Inc. Grows Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Foster & Motley Inc. boosted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 33.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,133 shares of the company’s stock after acquiring an additional 4,786 shares during the period. Foster & Motley Inc.’s holdings in Academy Sports and Outdoors were worth $1,263,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. SkyView Investment Advisors LLC increased its position in shares of Academy Sports and Outdoors by 14.2% during the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after purchasing an additional 245 shares in the last quarter. Avalon Capital Management purchased a new stake in Academy Sports and Outdoors in the 4th quarter valued at $211,000. SG Americas Securities LLC acquired a new stake in Academy Sports and Outdoors during the 4th quarter worth $265,000. Breakwater Capital Group acquired a new position in Academy Sports and Outdoors in the fourth quarter valued at $265,000. Finally, Cetera Trust Company N.A acquired a new position in Academy Sports and Outdoors in the fourth quarter valued at $273,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Wells Fargo & Company cut their price target on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. 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. Finally, B. Riley reiterated a “buy” rating and set a $72.00 price target (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $59.27 on Wednesday. The stock has a fifty day moving average price of $66.72 and a 200 day moving average price of $59.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The stock has a market cap of $4.41 billion, a PE ratio of 8.82, a P/E/G ratio of 0.83 and a beta of 1.35. Academy Sports and Outdoors, Inc. has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, March 26th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s payout ratio is 6.55%.

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.