Deutsche Bank AG Acquires 24,396 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Deutsche Bank AG raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,332 shares of the company's stock after purchasing an additional 24,396 shares during the quarter. Deutsche Bank AG owned 0.10% of Academy Sports and Outdoors worth $3,816,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock valued at $40,974,000 after purchasing an additional 90,592 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at about $1,969,000. Wells Fargo & Company MN lifted its position in shares of Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock valued at $12,466,000 after buying an additional 22,146 shares in the last quarter. Pacifica Capital Investments LLC lifted its position in shares of Academy Sports and Outdoors by 7.9% during the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock valued at $23,041,000 after buying an additional 29,410 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at about $2,342,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on 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. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. UBS Group lowered their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Wedbush decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Loop Capital decreased their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.75.

Academy Sports and Outdoors Trading Down 1.0%

Shares of NASDAQ ASO traded down $0.41 during trading hours on Thursday, hitting $41.98. 1,172,361 shares of the company traded hands, compared to its average volume of 1,644,766. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. 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 company's 50 day moving average price is $41.48 and its 200 day moving average price is $48.55. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 EPS. On average, equities research analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.24%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is currently 9.01%.

Academy Sports and Outdoors Company 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.