Stephens Investment Management Group LLC Acquires Shares of 163,985 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Stephens Investment Management Group LLC acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 163,985 shares of the company’s stock, valued at approximately $10,823,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Academy Sports and Outdoors during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its position in Academy Sports and Outdoors by 517.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after acquiring an additional 880 shares during the last quarter. GAMMA Investing LLC purchased a new position in Academy Sports and Outdoors in the 4th quarter worth about $83,000. SkyView Investment Advisors LLC increased its position in shares of Academy Sports and Outdoors by 14.2% during the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock worth $93,000 after acquiring an additional 245 shares during the period. Finally, BRYN MAWR TRUST Co bought a new stake in shares of Academy Sports and Outdoors during the third quarter valued at approximately $209,000.

Wall Street Analysts Forecast Growth

ASO has been the topic of several research reports. Jefferies Financial Group assumed coverage on Academy Sports and Outdoors in a report on Friday, April 12th. They set a “buy” rating and a $85.00 price objective on the stock. TD Cowen cut their price objective on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Evercore ISI lowered their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Truist Financial reaffirmed a “buy” rating and set a $77.00 price objective on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Finally, Robert W. Baird raised their price target on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and an average price target of $73.88.

View Our Latest Report on ASO

Insider Buying and Selling

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. Following the completion of the transaction, the director now owns 7,870 shares of the company’s stock, valued at $472,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.19% of the stock is owned by corporate insiders.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded down $1.16 on Tuesday, hitting $56.25. 802,778 shares of the company were exchanged, compared to its average volume of 1,296,030. The firm has a market capitalization of $4.15 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The stock’s 50 day moving average price is $58.51 and its 200 day moving average price is $62.01.

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 6.65 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

About Academy Sports and Outdoors

(Free Report)

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.

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Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASOFree Report).

Institutional Ownership by Quarter for Academy Sports and Outdoors (NASDAQ:ASO)

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