Legal & General Group Plc Has $12.46 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Legal & General Group Plc cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 216,562 shares of the company's stock after selling 10,545 shares during the quarter. Legal & General Group Plc owned about 0.31% of Academy Sports and Outdoors worth $12,459,000 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 lifted its holdings in shares of Academy Sports and Outdoors by 2.6% in the third quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company's stock valued at $118,092,000 after purchasing an additional 50,715 shares in the last quarter. Bank of New York Mellon Corp raised its position in Academy Sports and Outdoors by 14.6% in 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 buying an additional 90,592 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Academy Sports and Outdoors in the 4th quarter valued at approximately $1,969,000. Wells Fargo & Company MN boosted its position in Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock worth $12,466,000 after acquiring an additional 22,146 shares during the last quarter. Finally, Pacifica Capital Investments LLC grew its stake in shares of Academy Sports and Outdoors by 7.9% during the 4th quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock worth $23,041,000 after acquiring an additional 29,410 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded up $0.10 on Tuesday, hitting $36.88. The company had a trading volume of 1,847,097 shares, compared to its average volume of 1,622,241. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 1.02 and a beta of 1.26. The stock has a 50 day moving average price of $45.05 and a 200 day moving average price of $50.36. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.62. 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 (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business's revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. Analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were paid a $0.13 dividend. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.41%. Academy Sports and Outdoors's payout ratio is 9.01%.

Analyst Ratings Changes

A number of analysts have recently commented on ASO shares. TD Cowen boosted their price objective on shares of 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. UBS Group cut their price target on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Robert W. Baird decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Finally, Evercore ISI reduced their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.63.

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.