JPMorgan Chase & Co. Decreases Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

JPMorgan Chase & Co. cut its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,645 shares of the company's stock after selling 158,487 shares during the period. JPMorgan Chase & Co. owned approximately 0.24% of Academy Sports and Outdoors worth $9,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ASO. WINTON GROUP Ltd increased its holdings in Academy Sports and Outdoors by 758.1% in the 4th quarter. WINTON GROUP Ltd now owns 157,178 shares of the company's stock valued at $9,042,000 after purchasing an additional 138,860 shares during the last quarter. Pacifica Capital Investments LLC grew its position in Academy Sports and Outdoors by 7.9% in the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock valued at $23,041,000 after acquiring an additional 29,410 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Academy Sports and Outdoors by 0.9% in the fourth quarter. LPL Financial LLC now owns 91,454 shares of the company's stock valued at $5,261,000 after purchasing an additional 812 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $836,000. Finally, Sei Investments Co. lifted its holdings in Academy Sports and Outdoors by 18.7% during the 4th quarter. Sei Investments Co. now owns 250,087 shares of the company's stock worth $14,388,000 after buying an additional 39,483 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

ASO traded up $1.20 during trading on Friday, hitting $37.85. The stock had a trading volume of 1,580,859 shares, compared to its average volume of 1,618,524. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. 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's 50-day moving average price is $45.70 and its 200 day moving average price is $50.63. The firm has a market capitalization of $2.54 billion, a P/E ratio of 6.22, a PEG ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $2.21 EPS. The company's revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given 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 1.37%. The ex-dividend date of this dividend was Tuesday, March 25th. Academy Sports and Outdoors's payout ratio is presently 9.01%.

Analysts Set New Price Targets

Several equities analysts have commented on ASO shares. Citigroup dropped their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Telsey Advisory Group restated an "outperform" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Loop Capital decreased their price objective on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, B. Riley decreased their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.63.

Academy Sports and Outdoors Company 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.