Jump Financial LLC Invests $9.95 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Jump Financial LLC bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 172,907 shares of the company's stock, valued at approximately $9,947,000. Jump Financial LLC owned about 0.25% of Academy Sports and Outdoors at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ASO. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. AlphaQuest LLC boosted its holdings in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after purchasing an additional 496 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after acquiring an additional 915 shares during the period. Smartleaf Asset Management LLC raised its position in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after purchasing an additional 843 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after purchasing an additional 1,428 shares during the last quarter.

Academy Sports and Outdoors Stock Up 3.3 %

Shares of ASO traded up $1.20 during mid-day trading on Friday, reaching $37.85. The company's stock had a trading volume of 1,580,859 shares, compared to its average volume of 1,618,314. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.62. The stock has a market cap of $2.54 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26. The company's 50 day moving average is $45.70 and its 200 day moving average is $50.67.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $2.21 earnings per share. The firm's revenue was down 6.6% on a year-over-year basis. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend 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 is currently 9.01%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ASO shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. TD Cowen increased their price objective on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Morgan Stanley decreased 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 research note on Friday, March 21st. Wedbush decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and a consensus price target of $58.63.

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.