Parkside Financial Bank & Trust Has $57,000 Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1,307.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 985 shares of the company’s stock after purchasing an additional 915 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Academy Sports and Outdoors were worth $57,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ASO. Harbor Capital Advisors Inc. purchased a new stake in shares of Academy Sports and Outdoors in the third quarter worth approximately $28,000. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors in the 3rd quarter valued at approximately $40,000. Farther Finance Advisors LLC lifted its position in Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after buying an additional 366 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Academy Sports and Outdoors by 53.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after buying an additional 421 shares during the period. Finally, KBC Group NV boosted its stake in shares of Academy Sports and Outdoors by 24.3% during the 3rd quarter. KBC Group NV now owns 2,084 shares of the company’s stock valued at $122,000 after buying an additional 408 shares during the period.

Academy Sports and Outdoors Stock Down 2.1 %

ASO stock opened at $48.54 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The company has a 50-day moving average of $54.17 and a two-hundred day moving average of $53.93. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23. Academy Sports and Outdoors, Inc. has a 52-week low of $44.73 and a 52-week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $1.38 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.91%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

Analyst Upgrades and Downgrades

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

About Academy Sports and Outdoors

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.