Crestline Management LP Acquires 8,018 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Crestline Management LP lifted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,048 shares of the company's stock after acquiring an additional 8,018 shares during the period. Crestline Management LP's holdings in Academy Sports and Outdoors were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQuest LLC raised its holdings in shares of Academy Sports and Outdoors by 240.8% in the 4th 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 raised its stake in Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after acquiring an additional 915 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after purchasing an additional 843 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after purchasing an additional 1,428 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ASO shares. Loop Capital cut their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Robert W. Baird reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. UBS Group lowered 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 note on Tuesday, March 18th. Finally, Wedbush decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.44.

Academy Sports and Outdoors Trading Up 18.3%

Shares of ASO stock traded up $7.17 during trading hours on Monday, hitting $46.39. 3,835,376 shares of the company's stock traded hands, compared to its average volume of 1,639,712. 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 12 month low of $33.34 and a 12 month high of $64.62. The stock has a market cap of $3.09 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. The stock's 50 day simple moving average is $41.79 and its 200 day simple moving average is $48.86.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm earned $2.21 earnings per share. Academy Sports and Outdoors's quarterly revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.12%. Academy Sports and Outdoors's payout ratio is currently 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.