SG Americas Securities LLC Has $2.01 Million Stock Holdings in Academy Sports and Outdoors, Inc. $ASO

SG Americas Securities LLC raised its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 124.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,317 shares of the company’s stock after buying an additional 22,389 shares during the period. SG Americas Securities LLC owned about 0.06% of Academy Sports and Outdoors worth $2,014,000 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. Royal Bank of Canada lifted its position in Academy Sports and Outdoors by 8.5% in the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock valued at $2,726,000 after acquiring an additional 4,665 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Academy Sports and Outdoors by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock worth $1,846,000 after purchasing an additional 1,257 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Academy Sports and Outdoors in the first quarter worth approximately $223,000. Strs Ohio purchased a new stake in shares of Academy Sports and Outdoors in the first quarter worth approximately $128,000. Finally, XTX Topco Ltd bought a new position in shares of Academy Sports and Outdoors in the second quarter valued at approximately $294,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a report on Monday, December 29th. Morgan Stanley raised 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 note on Thursday, January 15th. UBS Group cut their price objective on shares of Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Barclays reduced their target price on shares of Academy Sports and Outdoors from $59.00 to $49.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $61.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.36.

Academy Sports and Outdoors Price Performance

ASO stock opened at $57.35 on Monday. The stock’s fifty day simple moving average is $57.15 and its two-hundred day simple moving average is $52.98. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $62.44. The stock has a market cap of $3.69 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.89 and a beta of 1.21.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.08). The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 earnings per share. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, March 20th. Academy Sports and Outdoors’s dividend payout ratio is 10.79%.

Academy Sports and Outdoors 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.