WINTON GROUP Ltd Acquires 138,860 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

WINTON GROUP Ltd lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 758.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,178 shares of the company's stock after purchasing an additional 138,860 shares during the quarter. Academy Sports and Outdoors accounts for 0.6% of WINTON GROUP Ltd's portfolio, making the stock its 28th largest position. WINTON GROUP Ltd owned about 0.23% of Academy Sports and Outdoors worth $9,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASO. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $40,000. AlphaQuest LLC increased its stake in shares of 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 buying an additional 496 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors by 1,307.1% during 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 last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after acquiring an additional 843 shares during the period. Finally, Blue Trust Inc. increased its position in Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares during the period.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ASO shares. Robert W. Baird reduced 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. Citigroup lowered their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. UBS Group dropped their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, Morgan Stanley decreased their target price on 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.13.

Academy Sports and Outdoors Stock Performance

NASDAQ:ASO traded down $1.13 during mid-day trading on Monday, reaching $44.94. 724,428 shares of the company's stock were exchanged, compared to its average volume of 1,651,804. The firm has a market capitalization of $3.01 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a one year low of $43.16 and a one year high of $68.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The business's fifty day simple moving average is $50.65 and its two-hundred day simple moving average is $52.96.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company posted $2.21 EPS. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is presently 9.01%.

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.