Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Fmr LLC

FMR LLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,514,487 shares of the company's stock after selling 224,976 shares during the period. FMR LLC owned approximately 15.15% of Academy Sports and Outdoors worth $604,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ASO. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $40,000. AlphaQuest LLC increased its holdings in Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust raised its position in Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after purchasing an additional 915 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after buying an additional 843 shares during the period. Finally, Blue Trust Inc. grew its position 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 worth $151,000 after buying an additional 334 shares in the last quarter.

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Analyst Upgrades and Downgrades

ASO has been the subject of a number of research reports. Wedbush lowered their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Oppenheimer dropped 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 research note on Friday, March 21st. Jefferies Financial Group set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their target price on 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. Finally, Loop Capital reduced their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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 company has an average rating of "Moderate Buy" and a consensus price target of $58.63.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded up $1.00 on Monday, reaching $37.57. 305,284 shares of the stock were exchanged, compared to its average volume of 1,611,167. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The business has a 50 day moving average price of $47.18 and a two-hundred day moving average price of $51.29. 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 capitalization of $2.52 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the previous year, the business posted $2.21 EPS. The business's quarterly revenue was down 6.6% compared to the same quarter last year. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

About Academy Sports and Outdoors

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.