Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,419 shares of the company’s stock after selling 806 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $689,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Centaurus Financial Inc. lifted its holdings in shares of Academy Sports and Outdoors by 3.6% during the first quarter. Centaurus Financial Inc. now owns 4,975 shares of the company’s stock worth $325,000 after purchasing an additional 175 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Academy Sports and Outdoors by 1.8% during the second quarter. Sunbelt Securities Inc. now owns 11,375 shares of the company’s stock worth $615,000 after purchasing an additional 202 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Academy Sports and Outdoors by 3.7% during the first quarter. Prospera Financial Services Inc now owns 6,026 shares of the company’s stock worth $393,000 after purchasing an additional 213 shares during the period. SkyView Investment Advisors LLC lifted its holdings 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 during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of Academy Sports and Outdoors by 139.2% during the first quarter. Advisory Services Network LLC now owns 421 shares of the company’s stock worth $27,000 after purchasing an additional 245 shares during the period.

Analysts Set New Price Targets

ASO has been the subject of several recent research reports. Telsey Advisory Group decreased their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. Wedbush reiterated an “outperform” rating and issued a $80.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Wells Fargo & Company cut their price objective on Academy Sports and Outdoors from $88.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. B. Riley reiterated a “buy” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. Finally, Morgan Stanley cut their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average price target of $74.47.

Academy Sports and Outdoors Trading Up 1.2 %

Academy Sports and Outdoors stock opened at $59.71 on Tuesday. The stock has a market cap of $4.44 billion, a PE ratio of 8.89, a P/E/G ratio of 0.86 and a beta of 1.35. The stock has a 50-day moving average price of $67.80 and a 200 day moving average price of $59.24. Academy Sports and Outdoors, Inc. 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.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, March 26th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 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.