Hudson Edge Investment Partners Inc. Purchases 6,882 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Hudson Edge Investment Partners Inc. raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 85.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,969 shares of the company's stock after buying an additional 6,882 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Academy Sports and Outdoors were worth $861,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Creative Planning grew its stake in shares of Academy Sports and Outdoors by 49.3% in the third quarter. Creative Planning now owns 23,196 shares of the company's stock worth $1,354,000 after purchasing an additional 7,657 shares in the last quarter. Raymond James & Associates lifted its position in shares of Academy Sports and Outdoors by 2.3% during the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company's stock valued at $2,341,000 after acquiring an additional 892 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Academy Sports and Outdoors by 45.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,754 shares of the company's stock valued at $589,000 after purchasing an additional 3,060 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company's stock valued at $70,000 after acquiring an additional 421 shares during the period. Finally, Strategic Blueprint LLC purchased a new stake in shares of Academy Sports and Outdoors in the third quarter valued at $286,000.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded up $1.38 on Tuesday, reaching $51.95. 259,794 shares of the stock were exchanged, compared to its average volume of 1,382,587. 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 twelve month low of $44.73 and a twelve month high of $75.73. The firm has a fifty day moving average price of $54.78 and a two-hundred day moving average price of $53.96. The stock has a market cap of $3.61 billion, a PE ratio of 8.51, a PEG ratio of 1.02 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS. Sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 7.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ASO. Robert W. Baird dropped their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Truist Financial upped their price objective on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Citigroup started coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a "buy" rating and a $65.00 target price for the company. TD Cowen boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Wedbush reiterated an "outperform" rating and set a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $61.67.

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.