Sei Investments Co. Has $14.39 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Sei Investments Co. boosted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,087 shares of the company's stock after acquiring an additional 39,483 shares during the period. Sei Investments Co. owned approximately 0.36% of Academy Sports and Outdoors worth $14,388,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ASO. TD Private Client Wealth LLC bought a new stake in shares of Academy Sports and Outdoors during the third quarter valued at approximately $40,000. AlphaQuest LLC boosted its stake in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Academy Sports and Outdoors by 1,307.1% in 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 during the period. Smartleaf Asset Management LLC raised its stake in shares of 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 buying an additional 843 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Academy Sports and Outdoors by 14.8% during 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 during the period.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASO. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Wedbush cut 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, March 21st. JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Evercore ISI cut their price objective 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. Finally, Morgan Stanley lowered their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.69.

Academy Sports and Outdoors Trading Up 2.2 %

ASO stock traded up $1.03 during midday trading on Wednesday, reaching $47.63. The stock had a trading volume of 1,172,709 shares, compared to its average volume of 1,566,924. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a twelve month low of $43.16 and a twelve 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 has a fifty day simple moving average of $50.19 and a two-hundred day simple moving average of $52.76.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the company earned $2.21 EPS. Academy Sports and Outdoors's revenue was down 6.6% on a year-over-year basis. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio 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.