Spring Capital Management LLC Takes $288,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Spring Capital Management LLC bought a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,000 shares of the company's stock, valued at approximately $288,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Doliver Advisors LP boosted its holdings in Academy Sports and Outdoors by 43.6% in the 4th quarter. Doliver Advisors LP now owns 7,735 shares of the company's stock worth $445,000 after acquiring an additional 2,350 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Academy Sports and Outdoors by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 326,132 shares of the company's stock worth $19,033,000 after purchasing an additional 8,848 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Academy Sports and Outdoors by 0.6% in the third quarter. Franklin Resources Inc. now owns 95,822 shares of the company's stock valued at $5,139,000 after purchasing an additional 576 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Academy Sports and Outdoors by 94.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,300 shares of the company's stock valued at $484,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Academy Sports and Outdoors during the 3rd quarter worth $306,000.

Analyst Upgrades and Downgrades

ASO has been the subject of a number of analyst reports. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a "buy" rating and a $65.00 price objective for the company. Robert W. Baird lowered their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Wedbush reaffirmed an "outperform" rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Evercore ISI cut Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and reduced their target price for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Finally, TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of "Hold" and an average target price of $61.67.

Academy Sports and Outdoors Stock Performance

ASO stock traded up $0.12 during mid-day trading on Friday, reaching $52.58. The company had a trading volume of 1,196,246 shares, compared to its average volume of 1,497,434. The stock's 50-day simple moving average is $53.02 and its two-hundred day simple moving average is $53.89. The stock has a market capitalization of $3.65 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.29 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 one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. The company's revenue for the quarter was down 3.9% on a year-over-year basis. Research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.62 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors's payout ratio is currently 7.22%.

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.