Envestnet Asset Management Inc. Buys 13,677 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Envestnet Asset Management Inc. increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,321 shares of the company's stock after acquiring an additional 13,677 shares during the period. Envestnet Asset Management Inc. owned about 0.33% of Academy Sports and Outdoors worth $13,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ASO. Cullen Frost Bankers Inc. lifted 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 valued at $378,000 after buying an additional 210 shares in the last quarter. Nichols & Pratt Advisers LLP MA lifted its holdings in 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 valued at $322,000 after purchasing an additional 250 shares in the last quarter. Xponance Inc. boosted its position in shares of 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 purchasing an additional 266 shares during the period. HighTower Advisors LLC increased 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 worth $324,000 after purchasing an additional 323 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock valued at $151,000 after buying an additional 334 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.3 %

ASO stock traded up $0.10 during midday trading on Tuesday, reaching $36.88. The company's stock had a trading volume of 1,847,097 shares, compared to its average volume of 1,622,241. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 1.02 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.62. 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 stock has a fifty day simple moving average of $45.05 and a two-hundred day simple moving average of $50.36.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.82 by $0.14. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 EPS. On average, equities research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.41%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Jefferies Financial Group set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. B. Riley dropped their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Oppenheimer dropped their price target on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, TD Cowen upped their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.