Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 774,911 shares of the company's stock after purchasing an additional 49,106 shares during the quarter. Northern Trust Corp owned about 1.12% of Academy Sports and Outdoors worth $44,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ASO. 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 worth $5,139,000 after buying an additional 576 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Academy Sports and Outdoors by 2.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,132 shares of the company's stock worth $19,033,000 after buying an additional 8,848 shares during the last quarter. Spring Capital Management LLC purchased a new position in Academy Sports and Outdoors during the 4th quarter worth $288,000. Crossmark Global Holdings Inc. grew its stake in Academy Sports and Outdoors by 3.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company's stock worth $553,000 after buying an additional 362 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after acquiring an additional 334 shares during the period.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley lowered their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Loop Capital reduced 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. B. Riley reduced their price target on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a report on Friday, March 21st. Evercore ISI cut their price objective on 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. Finally, Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $57.44.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ ASO traded up $7.17 during midday trading on Monday, reaching $46.39. 3,835,376 shares of the company were exchanged, compared to its average volume of 1,639,712. 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 1 year low of $33.34 and a 1 year high of $64.62. The stock has a fifty day simple moving average of $41.79 and a 200 day simple moving average of $48.86. The stock has a market cap of $3.09 billion, a P/E ratio of 7.62, a PEG ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company posted $2.21 earnings per share. The business's revenue was down 6.6% on a year-over-year basis. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. 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.