ABS Direct Equity Fund LLC Invests $1.98 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

ABS Direct Equity Fund LLC bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the company's stock, valued at approximately $1,980,000. Academy Sports and Outdoors makes up approximately 1.9% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 20th largest holding.

Several other large investors have also added to or reduced their stakes in ASO. GAMMA Investing LLC acquired a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at about $83,000. SkyView Investment Advisors LLC raised its stake in Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company's stock worth $93,000 after buying an additional 245 shares during the period. PFG Investments LLC raised its stake in Academy Sports and Outdoors by 7.9% during the 3rd quarter. PFG Investments LLC now owns 4,402 shares of the company's stock worth $208,000 after buying an additional 321 shares during the period. BRYN MAWR TRUST Co bought a new position in Academy Sports and Outdoors in the third quarter worth approximately $209,000. Finally, Avalon Capital Management acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $211,000.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.19% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and set a $80.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, April 1st. Morgan Stanley dropped their price objective on shares of 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 decreased their target price on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an "outperform" rating for the company in a research report on Thursday, March 21st. Robert W. Baird upped their target price on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Finally, Truist Financial reiterated a "buy" rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and a consensus target price of $73.88.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded down $0.35 during trading on Friday, reaching $57.40. The company's stock had a trading volume of 1,001,515 shares, compared to its average volume of 1,307,809. Academy Sports and Outdoors, Inc. has a 12 month low of $42.83 and a 12 month high of $75.73. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.84 and a beta of 1.40. The firm has a 50 day moving average of $65.04 and a 200-day moving average of $60.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.51 and a current ratio of 1.87.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Monday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.09. Academy Sports and Outdoors's dividend payout ratio (DPR) is 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.