Hood River Capital Management LLC Purchases New Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Hood River Capital Management LLC acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 735,608 shares of the company's stock, valued at approximately $42,320,000. Hood River Capital Management LLC owned 1.06% of Academy Sports and Outdoors as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in ASO. Price T Rowe Associates Inc. MD raised its stake in Academy Sports and Outdoors by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 421,719 shares of the company's stock valued at $24,262,000 after acquiring an additional 3,756 shares during the last quarter. Quantessence Capital LLC purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth approximately $365,000. Voss Capital LP lifted its holdings in shares of Academy Sports and Outdoors by 13.5% during the fourth quarter. Voss Capital LP now owns 420,000 shares of the company's stock worth $24,163,000 after purchasing an additional 50,000 shares during the period. Tower Research Capital LLC TRC grew its position in Academy Sports and Outdoors by 248.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,093 shares of the company's stock valued at $523,000 after buying an additional 6,484 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Academy Sports and Outdoors by 3.0% in the 4th quarter. MetLife Investment Management LLC now owns 41,439 shares of the company's stock valued at $2,384,000 after buying an additional 1,217 shares during the period.

Academy Sports and Outdoors Stock Up 0.3 %

ASO opened at $36.88 on Wednesday. The firm has a market cap of $2.47 billion, a P/E ratio of 6.06, a PEG ratio of 1.02 and a beta of 1.26. The business's fifty day simple moving average is $45.05 and its 200 day simple moving average is $50.36. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.14. The business 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 company's revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Evercore ISI dropped their price target on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. UBS Group cut their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research note on Thursday, March 20th. Wedbush cut their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. 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 on the stock in a research note on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.63.

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.

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