Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,968 shares of the company's stock after acquiring an additional 23,980 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Academy Sports and Outdoors worth $4,370,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASO. FMR LLC grew its holdings in shares of Academy Sports and Outdoors by 15.3% during the third quarter. FMR LLC now owns 10,739,463 shares of the company's stock valued at $626,755,000 after purchasing an additional 1,422,971 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Academy Sports and Outdoors by 8.1% during the fourth 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 2.6% during 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 during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Academy Sports and Outdoors by 331.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock valued at $55,210,000 after purchasing an additional 737,212 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Academy Sports and Outdoors by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 764,903 shares of the company's stock valued at $44,005,000 after purchasing an additional 13,860 shares during the last quarter.

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Analysts Set New Price Targets

Several equities analysts have recently commented on ASO shares. Wedbush reaffirmed an "outperform" rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Truist Financial increased their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Citigroup decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday. UBS Group decreased their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Monday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Hold" and an average target price of $61.13.

Academy Sports and Outdoors Price Performance

ASO traded up $1.13 during trading on Wednesday, reaching $47.52. The stock had a trading volume of 1,728,632 shares, compared to its average volume of 1,551,640. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.81, 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 1-year low of $43.16 and a 1-year high of $72.35. The stock has a 50 day moving average of $51.75 and a two-hundred day moving average of $53.30.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 25th. 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 8.54%.

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.