Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 331.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 959,680 shares of the company’s stock after buying an additional 737,212 shares during the quarter. Stephens Investment Management Group LLC owned about 1.38% of Academy Sports and Outdoors worth $55,210,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in Academy Sports and Outdoors during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Academy Sports and Outdoors during the third quarter worth approximately $40,000. TD Private Client Wealth LLC acquired a new stake in shares of Academy Sports and Outdoors during the third quarter worth $40,000. Farther Finance Advisors LLC grew its position in Academy Sports and Outdoors by 98.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after buying an additional 366 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Academy Sports and Outdoors by 53.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after buying an additional 421 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price on the stock. Robert W. Baird lowered their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Telsey Advisory Group cut their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Finally, TD Cowen increased their price objective on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors has a consensus rating of “Hold” and a consensus price target of $61.67.

Academy Sports and Outdoors Stock Down 2.8 %

Shares of NASDAQ ASO opened at $50.46 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm’s 50-day moving average is $54.64 and its two-hundred day moving average is $53.89. Academy Sports and Outdoors, Inc. has a 12-month low of $44.73 and a 12-month high of $75.73. The company has a market capitalization of $3.50 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company posted $1.38 EPS. Academy Sports and Outdoors’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s payout ratio is 7.22%.

Academy Sports and Outdoors 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.