Quantbot Technologies LP Acquires 15,916 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Quantbot Technologies LP increased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,771 shares of the company's stock after purchasing an additional 15,916 shares during the quarter. Quantbot Technologies LP owned approximately 0.08% of Academy Sports and Outdoors worth $3,324,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC raised 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 valued at $626,755,000 after acquiring an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Academy Sports and Outdoors by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company's stock valued at $152,413,000 after purchasing an additional 197,384 shares in the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 50,715 shares during the last quarter. Royce & Associates LP boosted its stake in Academy Sports and Outdoors by 23.5% in the fourth quarter. Royce & Associates LP now owns 1,174,576 shares of the company's stock worth $67,573,000 after purchasing an additional 223,320 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock worth $55,210,000 after purchasing an additional 737,212 shares in the last quarter.

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Academy Sports and Outdoors Stock Performance

Shares of ASO stock traded up $0.25 on Tuesday, reaching $49.89. The stock had a trading volume of 1,118,487 shares, compared to its average volume of 1,540,886. Academy Sports and Outdoors, Inc. has a 12 month low of $43.16 and a 12 month high of $68.96. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 1.02 and a beta of 1.25. The firm's 50-day moving average is $50.98 and its two-hundred day moving average is $53.12. 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 (NASDAQ:ASO - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The business 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%. The firm's revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 EPS. On average, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. 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%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ASO shares. Truist Financial lifted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. UBS Group dropped their target price on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Citigroup reduced 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. Wedbush dropped their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.38.

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.