Voss Capital LP Has $24.16 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Voss Capital LP grew its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,000 shares of the company's stock after acquiring an additional 50,000 shares during the period. Academy Sports and Outdoors comprises approximately 1.8% of Voss Capital LP's portfolio, making the stock its 20th largest position. Voss Capital LP owned 0.61% of Academy Sports and Outdoors worth $24,163,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. HighTower Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,553 shares of the company's stock worth $324,000 after purchasing an additional 323 shares during the period. Virtu Financial LLC acquired a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth approximately $306,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Academy Sports and Outdoors by 94.7% during the third 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 during the last quarter. Franklin Resources Inc. grew its stake in Academy Sports and Outdoors by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 95,822 shares of the company's stock valued at $5,139,000 after acquiring an additional 576 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Academy Sports and Outdoors by 2.8% during the third quarter. JPMorgan Chase & Co. now owns 326,132 shares of the company's stock valued at $19,033,000 after acquiring an additional 8,848 shares in the last quarter.

Wall Street Analyst Weigh In

ASO has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Wedbush dropped their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. UBS Group cut their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Finally, Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.63.

Academy Sports and Outdoors Trading Up 0.4 %

Shares of ASO stock traded up $0.16 during trading hours on Friday, hitting $38.21. 1,019,104 shares of the company were exchanged, compared to its average volume of 1,782,697. The firm has a market cap of $2.54 billion, a PE ratio of 6.27, a PEG ratio of 1.02 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61. 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 firm has a fifty day moving average of $44.42 and a 200 day moving average of $50.16.

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, beating analysts' consensus estimates 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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $2.21 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.36%. 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.