Greatmark Investment Partners Inc. Purchases Shares of 303,135 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Greatmark Investment Partners Inc. purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 303,135 shares of the company’s stock, valued at approximately $17,439,000. Academy Sports and Outdoors accounts for about 2.4% of Greatmark Investment Partners Inc.’s investment portfolio, making the stock its 16th largest holding. Greatmark Investment Partners Inc. owned 0.44% of Academy Sports and Outdoors at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ASO. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors in the 3rd quarter valued at $40,000. AlphaQuest LLC lifted its holdings in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after acquiring an additional 496 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after acquiring an additional 915 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after acquiring an additional 843 shares during the last quarter.

Academy Sports and Outdoors Price Performance

ASO stock opened at $45.10 on Friday. The firm’s 50-day moving average price is $52.18 and its two-hundred day moving average price is $53.45. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $72.43. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 1.02 and a beta of 1.25. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. Academy Sports and Outdoors’s revenue was down 3.9% compared to the same quarter last year. As a group, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.15%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is currently 7.22%.

Wall Street Analyst Weigh In

ASO has been the subject of a number of research analyst reports. Citigroup initiated coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective for the company. Telsey Advisory Group dropped their price objective on shares of 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. Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. TD Cowen lifted 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. Finally, Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and a consensus target price of $61.67.

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.