Allspring Global Investments Holdings LLC Boosts Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Allspring Global Investments Holdings LLC increased its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,715 shares of the company's stock after acquiring an additional 70,438 shares during the period. Allspring Global Investments Holdings LLC owned about 0.50% of Academy Sports and Outdoors worth $24,467,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Centaurus Financial Inc. lifted its stake in shares of Academy Sports and Outdoors by 3.6% in the 1st quarter. Centaurus Financial Inc. now owns 4,975 shares of the company's stock valued at $325,000 after purchasing an additional 175 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Academy Sports and Outdoors by 1.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 11,375 shares of the company's stock valued at $615,000 after purchasing an additional 202 shares during the period. Prospera Financial Services Inc lifted its stake in shares of Academy Sports and Outdoors by 3.7% in the 1st quarter. Prospera Financial Services Inc now owns 6,026 shares of the company's stock valued at $393,000 after purchasing an additional 213 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 14.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company's stock valued at $93,000 after purchasing an additional 245 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Academy Sports and Outdoors by 139.2% in the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company's stock valued at $27,000 after purchasing an additional 245 shares during the period.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley dropped their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Friday, March 22nd. Telsey Advisory Group dropped their price target on Academy Sports and Outdoors from $83.00 to $75.00 and set an "outperform" rating on the stock in a research note on Thursday, March 21st. B. Riley reissued a "buy" rating and issued a $72.00 price target (up previously from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. TD Cowen dropped their price target on Academy Sports and Outdoors from $86.00 to $82.00 and set an "outperform" rating on the stock in a research note on Friday, March 22nd. Finally, Evercore ISI lifted their price target on Academy Sports and Outdoors from $75.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Academy Sports and Outdoors has an average rating of "Moderate Buy" and a consensus target price of $74.47.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO traded down $0.60 during midday trading on Friday, reaching $59.02. The company's stock had a trading volume of 1,339,354 shares, compared to its average volume of 1,919,930. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The company has a market cap of $4.39 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87. The business's 50 day moving average price is $67.86 and its two-hundred day moving average price is $59.15.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th will be given a dividend of $0.11 per share. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.75%. The ex-dividend date is Monday, March 25th. Academy Sports and Outdoors's payout ratio is currently 6.55%.

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.