89,791 Shares in Academy Sports and Outdoors, Inc. $ASO Bought by Dupree Financial Group LLC

Key Points

• Dupree Financial Group established a new position of 89,791 shares in Academy Sports and Outdoors (≈$4.49M) in Q4, representing about 0.13% ownership of ASO and roughly 1.6% of Dupree's portfolio as its 27th-largest holding.
• Academy missed Q3/Q4 expectations with $1.97 EPS vs. $2.05 consensus and $1.72B revenue vs. $1.76B (revenue +2.5% YoY), while the company recently raised its quarterly dividend to $0.15 (annualized $0.60, ≈1.0% yield).
• Analysts are mixed—six Buy and eleven Hold ratings—leaving a consensus rating of "Hold" and a consensus price target of $58.57, roughly in line with the current share price (~$57).

Dupree Financial Group LLC bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 89,791 shares of the company's stock, valued at approximately $4,486,000. Academy Sports and Outdoors makes up about 1.6% of Dupree Financial Group LLC's portfolio, making the stock its 27th biggest position. Dupree Financial Group LLC owned approximately 0.13% of Academy Sports and Outdoors at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in Academy Sports and Outdoors by 15.9% during the third quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the company's stock worth $85,000 after acquiring an additional 234 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Academy Sports and Outdoors by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company's stock worth $51,000 after acquiring an additional 252 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in Academy Sports and Outdoors by 139.8% during 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. Wealth Enhancement Advisory Services LLC boosted its stake in Academy Sports and Outdoors by 6.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,604 shares of the company's stock worth $230,000 after acquiring an additional 285 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Academy Sports and Outdoors by 0.6% during the third quarter. Tectonic Advisors LLC now owns 45,288 shares of the company's stock worth $2,265,000 after acquiring an additional 286 shares in the last quarter.

Wall Street Analyst Weigh In

ASO has been the topic of several research analyst reports. B. Riley Financial reissued a "buy" rating on shares of Academy Sports and Outdoors in a research note on Wednesday, April 8th. Wells Fargo & Company raised their price objective on shares of Academy Sports and Outdoors from $52.00 to $56.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Truist Financial set a $54.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday. Barclays raised their price objective on shares of Academy Sports and Outdoors from $49.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $61.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday, March 17th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $58.57.

Academy Sports and Outdoors Stock Up 0.7%

Academy Sports and Outdoors stock opened at $57.19 on Friday. Academy Sports and Outdoors, Inc. has a 1-year low of $35.95 and a 1-year high of $62.44. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The firm's fifty day moving average price is $57.28 and its two-hundred day moving average price is $53.73. The company has a current ratio of 1.89, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data 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 business 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 business posted $1.96 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.95 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 Friday, April 10th. Stockholders of record on Friday, March 20th were issued a $0.15 dividend. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, March 20th. Academy Sports and Outdoors's dividend payout ratio is currently 10.79%.

Insider Activity at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 4,000 shares of the stock in a transaction dated 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 owned 7,835 shares in the company, valued at $470,100. This represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

About Academy Sports and Outdoors

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.

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