DekaBank Deutsche Girozentrale Raises Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) - Defense World

Posted by admin on Jul 23rd, 2022
DekaBank Deutsche Girozentrale grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 26.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,698 shares of the company’s stock after purchasing an additional 5,390 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $1,007,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Academy Sports and Outdoors by 523.3% during the fourth quarter. American Century Companies Inc. now owns 705,864 shares of the company’s stock worth $30,987,000 after buying an additional 592,619 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $19,856,000. Chimera Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $15,246,000. Peregrine Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $10,922,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $10,875,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.
ASO has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Academy Sports and Outdoors to $55.00 in a research report on Thursday, June 9th. The Goldman Sachs Group reduced their price objective on shares of Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. Loop Capital raised their price objective on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a research report on Wednesday, March 30th. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, Stephens raised their price objective on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 8th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Buy” and an average target price of $55.08.

Shares of ASO opened at $43.45 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $36.10 and a 200-day simple moving average of $36.79. Academy Sports and Outdoors, Inc. has a 1-year low of $25.10 and a 1-year high of $51.08. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $1.89 EPS. The company’s revenue was down 7.1% on a year-over-year basis. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 7.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.69%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 4.30%.
(Get Rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating).


Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.
DekaBank Deutsche Girozentrale Purchases New Stake in Alkermes plc (NASDAQ:ALKS)
DekaBank Deutsche Girozentrale Purchases 9,695 Shares of News Co. (NASDAQ:NWSA)

source https://4awesome.streamstorecloud.com/dekabank-deutsche-girozentrale-raises-holdings-in-academy-sports-and-outdoors-inc-nasdaqaso-defense-world/?feed_id=5312&_unique_id=633fca3de11e7