41,015 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Purchased by Isthmus Partners LLC

Isthmus Partners LLC purchased a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 41,015 shares of the company's stock, valued at approximately $2,360,000. Isthmus Partners LLC owned 0.06% of Academy Sports and Outdoors as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in Academy Sports and Outdoors by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock valued at $118,092,000 after buying an additional 50,715 shares during the last quarter. Citigroup Inc. boosted its position in shares of Academy Sports and Outdoors by 66.4% in the third quarter. Citigroup Inc. now owns 95,644 shares of the company's stock valued at $5,582,000 after acquiring an additional 38,155 shares during the period. FMR LLC grew its stake in shares of Academy Sports and Outdoors by 15.3% in the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock worth $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Qsemble Capital Management LP bought a new position in Academy Sports and Outdoors during the third quarter worth $633,000. Finally, Bank of New York Mellon Corp raised its stake in Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock valued at $40,974,000 after purchasing an additional 90,592 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of ASO traded down $1.95 during trading hours on Wednesday, hitting $44.83. The stock had a trading volume of 535,067 shares, compared to its average volume of 1,495,357. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $74.26. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 1.02 and a beta of 1.25. The company's fifty day moving average is $52.92 and its two-hundred day moving average is $53.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data 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). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company posted $1.38 earnings per share. Academy Sports and Outdoors's quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.16%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 7.22%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Telsey Advisory Group decreased 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 report on Thursday, December 5th. Citigroup started coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a "buy" rating and a $65.00 target price on the stock. Wedbush reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Truist Financial lifted their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Finally, TD Cowen boosted 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 seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.