480,267 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Bought by Boston Partners

Boston Partners acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 480,267 shares of the company's stock, valued at approximately $27,445,000. Boston Partners owned 0.69% of Academy Sports and Outdoors as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its position in shares of Academy Sports and Outdoors by 3.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock worth $378,000 after purchasing an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA increased its holdings in shares of Academy Sports and Outdoors by 4.7% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock worth $322,000 after buying an additional 250 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Academy Sports and Outdoors by 6.2% in the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock valued at $324,000 after acquiring an additional 323 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after acquiring an additional 334 shares in the last quarter. Finally, Plan Group Financial LLC grew its position in Academy Sports and Outdoors by 6.2% during the 4th quarter. Plan Group Financial LLC now owns 6,078 shares of the company's stock worth $350,000 after acquiring an additional 355 shares during the last quarter.

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Academy Sports and Outdoors Trading Up 5.4 %

NASDAQ ASO traded up $2.54 during trading on Monday, reaching $49.77. 1,749,400 shares of the stock traded hands, compared to its average volume of 1,540,963. Academy Sports and Outdoors, Inc. has a fifty-two week low of $43.16 and a fifty-two week high of $68.96. 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 firm has a market cap of $3.45 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The stock's 50-day moving average price is $51.09 and its 200 day moving average price is $53.15.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced 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. 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%. The firm's revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 EPS. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is 8.54%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ASO. JPMorgan Chase & Co. lifted their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday. Oppenheimer decreased their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday. Citigroup dropped 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. Telsey Advisory Group reiterated an "outperform" rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Finally, B. Riley lowered their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and an average price target of $60.38.

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.