6,446 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,446 shares of the company's stock, valued at approximately $371,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after acquiring an additional 737,212 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Academy Sports and Outdoors by 203.2% in the third quarter. Verition Fund Management LLC now owns 514,017 shares of the company's stock worth $29,998,000 after acquiring an additional 344,466 shares during the period. Greatmark Investment Partners Inc. bought a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $17,439,000. Finally, Royce & Associates LP increased its position in Academy Sports and Outdoors by 23.5% during the 4th quarter. Royce & Associates LP now owns 1,174,576 shares of the company's stock valued at $67,573,000 after purchasing an additional 223,320 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO traded up $0.10 during trading on Tuesday, reaching $49.74. 955,200 shares of the stock traded hands, compared to its average volume of 1,540,886. The company has a 50-day moving average of $50.98 and a 200-day moving average of $53.12. Academy Sports and Outdoors, Inc. has a 52-week low of $43.16 and a 52-week high of $68.96. The stock has a market capitalization of $3.45 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $2.21 earnings per share. The company's quarterly revenue was down 6.6% on a year-over-year basis. Analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.05%. Academy Sports and Outdoors's payout ratio is presently 9.01%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASO. TD Cowen boosted their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research report on Friday. Citigroup lowered their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, March 17th. UBS Group lowered their target price on shares of 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. Finally, Oppenheimer cut their target price 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.38.

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.