Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Acquired by LSV Asset Management

LSV Asset Management lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,940,041 shares of the company's stock after purchasing an additional 241,100 shares during the period. LSV Asset Management owned about 2.80% of Academy Sports and Outdoors worth $111,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Academy Sports and Outdoors by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company's stock valued at $152,413,000 after acquiring an additional 197,384 shares during the period. Geode Capital Management LLC lifted its stake in Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock valued at $118,092,000 after buying an additional 50,715 shares during the last quarter. American Century Companies Inc. grew its position in Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after purchasing an additional 545,778 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Academy Sports and Outdoors by 23.5% during the fourth quarter. Royce & Associates LP now owns 1,174,576 shares of the company's stock worth $67,573,000 after buying an additional 223,320 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings 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 purchasing an additional 737,212 shares during the period.

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Analysts Set New Price Targets

Several analysts have weighed in on the company. Robert W. Baird lowered their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Morgan Stanley lowered their price objective 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 note on Friday, March 21st. Wedbush decreased their price objective 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. Loop Capital lowered their price target on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen lifted their target price on 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and an average price target of $58.63.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded up $0.17 during trading hours on Wednesday, reaching $36.94. The company had a trading volume of 507,219 shares, compared to its average volume of 1,612,662. The firm's 50 day moving average price is $46.58 and its 200-day moving average price is $51.03. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 1.02 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $1.96 EPS 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 the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 earnings per share. On average, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is currently 9.01%.

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.