Academy Sports and Outdoors, Inc. $ASO Holdings Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,160 shares of the company’s stock after purchasing an additional 12,786 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.24% of Academy Sports and Outdoors worth $7,847,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its stake in Academy Sports and Outdoors by 139.8% during the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after purchasing an additional 281 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 32.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock worth $51,000 after buying an additional 252 shares during the last quarter. Huntington National Bank lifted its position in shares of Academy Sports and Outdoors by 47.3% in the 3rd quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after buying an additional 326 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at about $51,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Academy Sports and Outdoors by 117.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after buying an additional 602 shares during the period.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director owned 7,835 shares in the company, valued at approximately $470,100. The trade was a 33.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.62% of the stock is owned by insiders.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $57.19 on Monday. Academy Sports and Outdoors, Inc. has a 52-week low of $35.95 and a 52-week high of $62.44. The company has a quick ratio of 0.44, a current ratio of 1.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.89 and a beta of 1.21. The firm has a 50-day moving average price of $57.28 and a two-hundred day moving average price of $53.74.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.08). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.76 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. Academy Sports and Outdoors’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. Sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.95 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were given a $0.15 dividend. The ex-dividend date was Friday, March 20th. This represents a $0.60 annualized dividend and a yield of 1.0%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. Academy Sports and Outdoors’s payout ratio is 10.79%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ASO. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Truist Financial set a $54.00 target price on Academy Sports and Outdoors in a research note on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, April 8th. Morgan Stanley boosted their price objective on Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Wells Fargo & Company upped their price objective on Academy Sports and Outdoors from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.57.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.