Deutsche Bank AG Grows Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its holdings in shares of Academy Sports and Outdoors by 3.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock valued at $378,000 after acquiring an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA grew its holdings in shares of Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock valued at $322,000 after acquiring an additional 250 shares in the last quarter. Xponance Inc. grew its holdings in shares of Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock valued at $283,000 after acquiring an additional 266 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock valued at $151,000 after acquiring an additional 334 shares in the last quarter. Finally, Plan Group Financial LLC grew its holdings in shares of Academy Sports and Outdoors by 6.2% in the fourth quarter. Plan Group Financial LLC now owns 6,078 shares of the company's stock valued at $350,000 after acquiring an additional 355 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded down $1.33 during trading hours on Friday, reaching $40.65. The company had a trading volume of 1,264,818 shares, compared to its average volume of 1,649,994. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The business has a fifty day simple moving average of $41.27 and a 200 day simple moving average of $48.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm has a market cap of $2.70 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $2.21 earnings per share. The business's revenue for the quarter was down 6.6% on a year-over-year basis. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.01%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ASO. Truist Financial set a $45.00 target price on Academy Sports and Outdoors in a report on Wednesday, May 7th. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Wells Fargo & Company increased their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley reduced their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $57.75.

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.