KLP Kapitalforvaltning AS Takes $836,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

KLP Kapitalforvaltning AS bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,500 shares of the company's stock, valued at approximately $836,000.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Academy Sports and Outdoors by 18.7% in the fourth quarter. Sei Investments Co. now owns 250,087 shares of the company's stock worth $14,388,000 after purchasing an additional 39,483 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after buying an additional 545,778 shares during the period. Quantbot Technologies LP boosted its stake in shares of Academy Sports and Outdoors by 38.0% in the 4th quarter. Quantbot Technologies LP now owns 57,771 shares of the company's stock worth $3,324,000 after buying an additional 15,916 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $529,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Academy Sports and Outdoors by 30.0% during the 4th quarter. Teacher Retirement System of Texas now owns 34,787 shares of the company's stock worth $2,001,000 after acquiring an additional 8,035 shares during the last quarter.

Academy Sports and Outdoors Trading Down 4.1 %

ASO traded down $1.60 on Friday, hitting $37.60. The company had a trading volume of 4,163,791 shares, compared to its average volume of 1,587,287. Academy Sports and Outdoors, Inc. has a 12-month low of $35.64 and a 12-month 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. The business's fifty day simple moving average is $49.49 and its 200 day simple moving average is $52.45. The company has a market cap of $2.52 billion, a PE ratio of 6.17, a PEG ratio of 1.02 and a beta of 1.26.

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Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.14. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 EPS. Equities research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, March 25th will be given a $0.13 dividend. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

Analyst Ratings Changes

ASO has been the topic of a number of analyst reports. Robert W. Baird lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. 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 report on Monday, March 17th. UBS Group lowered their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley decreased their target price on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.69.

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.