Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,719 shares of the company’s stock after buying an additional 3,756 shares during the period. Price T Rowe Associates Inc. MD owned about 0.61% of Academy Sports and Outdoors worth $24,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its position 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 boosted its stake in shares of Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after purchasing an additional 915 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after purchasing an additional 843 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 724.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock worth $93,000 after buying an additional 1,428 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Academy Sports and Outdoors by 14.8% in the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock valued at $151,000 after buying an additional 334 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group cut their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a research note on Thursday, March 20th. Morgan Stanley decreased their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. B. Riley dropped their price objective on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and an average target price of $57.81.

Academy Sports and Outdoors Stock Down 0.2 %

Shares of Academy Sports and Outdoors stock opened at $37.59 on Friday. The company has a fifty day moving average price of $43.07 and a 200 day moving average price of $49.60. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. The business had revenue of $1.68 billion during 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 company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.21 earnings per share. Equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced 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. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is presently 9.01%.

About Academy Sports and Outdoors

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.