BNP Paribas Financial Markets Invests $6.31 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

BNP Paribas Financial Markets bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 109,760 shares of the company's stock, valued at approximately $6,314,000. BNP Paribas Financial Markets owned 0.16% of Academy Sports and Outdoors at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ASO. Franklin Resources Inc. increased its stake in Academy Sports and Outdoors by 0.6% in the 3rd quarter. Franklin Resources Inc. now owns 95,822 shares of the company's stock valued at $5,139,000 after buying an additional 576 shares during the period. Spring Capital Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $288,000. Crossmark Global Holdings Inc. boosted its position in shares of Academy Sports and Outdoors by 3.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company's stock worth $553,000 after purchasing an additional 362 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Academy Sports and Outdoors by 88.4% during the 4th quarter. KBC Group NV now owns 3,926 shares of the company's stock worth $226,000 after purchasing an additional 1,842 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on ASO. Robert W. Baird decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Evercore ISI decreased their price objective on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Oppenheimer decreased their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Finally, Truist Financial set a $45.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.75.

Academy Sports and Outdoors Trading Down 0.6%

Shares of NASDAQ ASO traded down $0.26 on Friday, reaching $45.23. 1,346,180 shares of the company traded hands, compared to its average volume of 1,645,229. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a 50 day moving average of $41.51 and a 200 day moving average of $48.66. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.01 billion, a PE ratio of 7.43, a P/E/G ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company's revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 EPS. On average, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.15%. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

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.