Bridgewater Associates LP Sells 12,842 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bridgewater Associates LP trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 42.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,674 shares of the company's stock after selling 12,842 shares during the quarter. Bridgewater Associates LP's holdings in Academy Sports and Outdoors were worth $1,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. raised its position in Academy Sports and Outdoors by 3.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock worth $378,000 after acquiring an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its position in Academy Sports and Outdoors by 4.7% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock worth $322,000 after acquiring an additional 250 shares in the last quarter. Xponance Inc. raised its position in Academy Sports and Outdoors by 5.7% in the fourth quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after acquiring an additional 266 shares in the last quarter. HighTower Advisors LLC raised its position in Academy Sports and Outdoors by 6.2% in the third quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock worth $324,000 after acquiring an additional 323 shares in the last quarter. Finally, Blue Trust Inc. raised 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 acquiring an additional 334 shares in the last quarter.

Academy Sports and Outdoors Stock Up 0.3 %

NASDAQ:ASO traded up $0.13 during trading hours on Thursday, hitting $37.74. 279,718 shares of the stock traded hands, compared to its average volume of 1,617,686. The firm has a 50 day moving average price of $44.73 and a 200 day moving average price of $50.28. 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 fifty-two week low of $33.34 and a fifty-two week high of $64.62. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 1.02 and a beta of 1.26.

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 for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $2.21 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.38%. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ASO shares. B. Riley reduced their price target on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, March 21st. TD Cowen upped their price target on shares of 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. Morgan Stanley dropped 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 report on Friday, March 21st. Evercore ISI dropped their price objective on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.63.

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.