Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,712 shares of the company's stock after purchasing an additional 50,842 shares during the quarter. Loomis Sayles & Co. L P owned about 0.31% of Academy Sports and Outdoors worth $12,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at about $40,000. AlphaQuest LLC raised its stake in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after buying an additional 496 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after buying an additional 915 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after acquiring an additional 843 shares during the period. Finally, Blue Trust Inc. increased its holdings in Academy Sports and Outdoors by 14.8% in the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after acquiring an additional 334 shares in the last quarter.

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Analysts Set New Price Targets

Several analysts have recently issued reports on ASO shares. Citigroup dropped their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Telsey Advisory Group reiterated an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Evercore ISI reduced their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a report on Tuesday. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and an average price target of $59.69.

Academy Sports and Outdoors Trading Up 1.4 %

Shares of Academy Sports and Outdoors stock traded up $0.64 during mid-day trading on Wednesday, hitting $47.24. The stock had a trading volume of 410,374 shares, compared to its average volume of 1,652,768. The firm has a 50-day moving average of $50.33 and a two-hundred day moving average of $52.80. The firm has a market cap of $3.17 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $64.61.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) 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 company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the firm earned $2.21 earnings per share. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business 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 represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio (DPR) is 9.01%.

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.