Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,960 shares of the company's stock after purchasing an additional 10,872 shares during the quarter. Bessemer Group Inc. owned approximately 0.45% of Academy Sports and Outdoors worth $17,947,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth $2,342,000. Martingale Asset Management L P acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at approximately $291,000. Greenland Capital Management LP acquired a new stake in Academy Sports and Outdoors during the fourth quarter worth about $2,482,000. Bank of Montreal Can increased its stake in Academy Sports and Outdoors by 7.0% in the fourth quarter. Bank of Montreal Can now owns 9,114 shares of the company's stock valued at $524,000 after acquiring an additional 598 shares during the period. Finally, Federated Hermes Inc. grew its stake in Academy Sports and Outdoors by 44.0% during the fourth quarter. Federated Hermes Inc. now owns 55,593 shares of the company's stock worth $3,198,000 after buying an additional 16,982 shares during the last quarter.

Academy Sports and Outdoors Trading Up 0.5 %

NASDAQ:ASO traded up $0.17 during midday trading on Wednesday, hitting $36.94. The stock had a trading volume of 507,219 shares, compared to its average volume of 1,612,608. The stock has a 50-day moving average of $46.58 and a 200 day moving average of $51.03. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization 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 one year low of $33.34 and a one year high of $64.62.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company's revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. As a group, sell-side 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 paid a dividend of $0.13 per share. This is an increase 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 of this dividend is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is presently 9.01%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley dropped their target price 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, March 21st. Loop Capital lowered their target price on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Citigroup reduced 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 research note on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their price objective on 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.63.

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.