Alberta Investment Management Corp Invests $967,000 in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Alberta Investment Management Corp purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,800 shares of the company’s stock, valued at approximately $967,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Plan Group Financial LLC lifted its position in shares of Academy Sports and Outdoors by 6.2% in the 4th quarter. Plan Group Financial LLC now owns 6,078 shares of the company’s stock worth $350,000 after acquiring an additional 355 shares during the period. New York State Common Retirement Fund raised its stake in shares of Academy Sports and Outdoors by 23.3% in the fourth quarter. New York State Common Retirement Fund now owns 156,873 shares of the company’s stock valued at $9,025,000 after purchasing an additional 29,672 shares in the last quarter. Principal Financial Group Inc. lifted its position in Academy Sports and Outdoors by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 341,439 shares of the company’s stock worth $19,643,000 after purchasing an additional 1,100 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Academy Sports and Outdoors by 27.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 45,604 shares of the company’s stock worth $2,624,000 after buying an additional 9,696 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in Academy Sports and Outdoors by 65.2% in the 4th quarter. Ingalls & Snyder LLC now owns 41,219 shares of the company’s stock valued at $2,371,000 after buying an additional 16,273 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on ASO shares. TD Cowen raised their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Robert W. Baird cut their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Truist Financial lifted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Citigroup initiated coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Telsey Advisory Group decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO opened at $50.84 on Friday. The business has a fifty day moving average of $54.86 and a 200-day moving average of $53.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73. The firm has a market cap of $3.53 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

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.