American Century Companies Inc. Has $72.07 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

American Century Companies Inc. grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 77.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,252,699 shares of the company's stock after purchasing an additional 545,778 shares during the quarter. American Century Companies Inc. owned 1.81% of Academy Sports and Outdoors worth $72,068,000 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. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth about $1,538,000. Intech Investment Management LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth approximately $1,167,000. Charles Schwab Investment Management Inc. lifted its position in shares of Academy Sports and Outdoors by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company's stock worth $43,831,000 after buying an additional 8,613 shares during the last quarter. Citigroup Inc. lifted its position in shares of Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company's stock worth $5,582,000 after buying an additional 38,155 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Academy Sports and Outdoors by 127.8% in the 3rd quarter. Cerity Partners LLC now owns 116,264 shares of the company's stock valued at $6,785,000 after buying an additional 65,220 shares in the last quarter.

Academy Sports and Outdoors Stock Down 4.6 %

NASDAQ ASO traded down $2.22 on Friday, hitting $46.07. 1,475,195 shares of the stock traded hands, compared to its average volume of 1,566,707. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $50.65 and a 200 day moving average of $52.97. Academy Sports and Outdoors, Inc. has a twelve month low of $43.16 and a twelve month high of $68.96. The company has a market capitalization of $3.20 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.

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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. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm's revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 earnings per share. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.13%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is presently 9.01%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Citigroup decreased their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Telsey Advisory Group restated an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Finally, Wedbush decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.13.

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.