Intech Investment Management LLC Has $3.65 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Intech Investment Management LLC grew its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 217.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,490 shares of the company's stock after purchasing an additional 43,489 shares during the quarter. Intech Investment Management LLC owned about 0.09% of Academy Sports and Outdoors worth $3,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors in the third quarter valued at about $40,000. AlphaQuest LLC raised its position in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after acquiring an additional 496 shares during the period. Parkside Financial Bank & Trust increased its stake in Academy Sports and Outdoors by 1,307.1% in the fourth 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 raised its holdings in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after purchasing an additional 843 shares during the period. Finally, KBC Group NV boosted its position in shares of Academy Sports and Outdoors by 24.3% during the third quarter. KBC Group NV now owns 2,084 shares of the company's stock worth $122,000 after purchasing an additional 408 shares in the last quarter.

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Academy Sports and Outdoors Stock Performance

Shares of ASO stock traded up $2.54 on Monday, hitting $49.77. The company's stock had a trading volume of 1,749,400 shares, compared to its average volume of 1,540,963. 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 company has a market capitalization of $3.45 billion, a PE ratio of 8.17, a PEG ratio of 1.02 and a beta of 1.25. The stock's 50 day moving average is $51.09 and its 200-day moving average is $53.15. Academy Sports and Outdoors, Inc. has a fifty-two week low of $43.16 and a fifty-two week high of $68.96.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the company earned $2.21 earnings per share. The company's quarterly revenue was down 6.6% on a year-over-year basis. Equities research analysts expect 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 firm also recently announced 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. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.04%. Academy Sports and Outdoors's payout ratio is presently 8.54%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Robert W. Baird cut their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday. Oppenheimer lowered their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Truist Financial lifted their price target on 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. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and a consensus target price of $60.38.

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.