Bank of Montreal Can Acquires 598 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bank of Montreal Can raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,114 shares of the company’s stock after buying an additional 598 shares during the period. Bank of Montreal Can’s holdings in Academy Sports and Outdoors were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ASO. Cullen Frost Bankers Inc. lifted its position in Academy Sports and Outdoors by 3.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company’s stock valued at $378,000 after acquiring an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA lifted its holdings in shares of Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company’s stock valued at $322,000 after purchasing an additional 250 shares in the last quarter. Xponance Inc. boosted its position in shares of Academy Sports and Outdoors by 5.7% during the fourth quarter. Xponance Inc. now owns 4,916 shares of the company’s stock valued at $283,000 after buying an additional 266 shares during the last quarter. HighTower Advisors LLC grew its holdings 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 buying an additional 323 shares in the last quarter. Finally, Blue Trust Inc. raised its position in 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 buying an additional 334 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $36.78 on Tuesday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 6.04, a P/E/G ratio of 1.02 and a beta of 1.26. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $45.38 and its two-hundred day simple moving average is $50.46. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.21 earnings per share. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.41%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.01%.

Analyst Upgrades and Downgrades

ASO has been the subject of several analyst reports. Loop Capital lowered their target price on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Citigroup reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, March 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, B. Riley dropped their price objective 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, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average target price of $58.63.

Academy Sports and Outdoors Company 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.