Kingsview Wealth Management LLC Makes New Investment in Academy Sports and Outdoors, Inc. $ASO

Kingsview Wealth Management LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 4th quarter, Holdings Channel.com reports. The fund bought 53,247 shares of the company’s stock, valued at approximately $2,660,000.

Several other large investors also recently added to or reduced their stakes in ASO. Salomon & Ludwin LLC grew its position in Academy Sports and Outdoors by 139.8% in the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 281 shares in the last quarter. Huntington National Bank grew its position in Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock worth $51,000 after acquiring an additional 326 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Academy Sports and Outdoors in the fourth quarter worth approximately $51,000. Hantz Financial Services Inc. grew its position in Academy Sports and Outdoors by 117.8% in the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock worth $56,000 after acquiring an additional 602 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Academy Sports and Outdoors in the third quarter worth approximately $61,000.

Academy Sports and Outdoors Price Performance

Shares of Academy Sports and Outdoors stock opened at $52.80 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.44. Academy Sports and Outdoors, Inc. has a fifty-two week low of $39.87 and a fifty-two week high of $62.44. The firm has a fifty day moving average price of $54.55 and a two-hundred day moving average price of $54.20. The company has a market cap of $3.41 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.82 and a beta of 1.06.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $1.96 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.94 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 20th were issued a $0.15 dividend. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. Academy Sports and Outdoors’s payout ratio is currently 10.79%.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 4,000 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $60.00, for a total value of $240,000.00. Following the completion of the sale, the director directly owned 7,835 shares of the company’s stock, valued at $470,100. This represents a 33.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on ASO. Telsey Advisory Group reissued an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. B. Riley Financial reissued a “buy” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, April 8th. Jefferies Financial Group reissued a “buy” rating and issued a $61.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, March 17th. Guggenheim upped their price objective on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Finally, Wells Fargo & Company upped their price objective on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.87.

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.