Blueshift Asset Management LLC Purchases Shares of 9,197 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Blueshift Asset Management LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,197 shares of the company's stock, valued at approximately $529,000.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Academy Sports and Outdoors by 15.3% in the 3rd quarter. Victory Capital Management Inc. now owns 51,988 shares of the company's stock worth $3,034,000 after purchasing an additional 6,894 shares during the period. KBC Group NV lifted its holdings in Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company's stock worth $122,000 after buying an additional 408 shares during the period. Banque Cantonale Vaudoise bought a new stake in Academy Sports and Outdoors during the 3rd quarter valued at $255,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $1,538,000. Finally, Intech Investment Management LLC bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter worth $1,167,000.

Analyst Ratings Changes

ASO has been the topic of a number of recent research reports. Oppenheimer dropped their price objective 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. Morgan Stanley lowered their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday. Robert W. Baird 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 report on Friday. Telsey Advisory Group restated an "outperform" rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Finally, Truist Financial upped their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $60.38.

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Academy Sports and Outdoors Stock Performance

Shares of ASO stock traded up $0.26 during mid-day trading on Tuesday, reaching $50.03. The stock had a trading volume of 2,066,554 shares, compared to its average volume of 1,540,886. 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, Inc. has a 1-year low of $43.16 and a 1-year high of $68.96. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.02 and a beta of 1.25. The business's fifty day moving average is $50.98 and its 200-day moving average is $53.12.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $2.21 EPS. On average, research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.04%. This is a positive change 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 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.