Bwcp LP Decreases Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Bwcp LP lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,425 shares of the company's stock after selling 18,751 shares during the quarter. Academy Sports and Outdoors makes up approximately 4.9% of Bwcp LP's holdings, making the stock its 9th biggest position. Bwcp LP owned about 0.58% of Academy Sports and Outdoors worth $22,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ASO. AlphaQuest LLC grew its holdings in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings 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 in the last quarter. LGT Financial Advisors LLC boosted its stake in 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 worth $63,000 after buying an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 843 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after acquiring an additional 1,428 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock traded up $0.76 during midday trading on Wednesday, hitting $38.44. 403,193 shares of the company were exchanged, compared to its average volume of 1,620,422. The firm's 50 day moving average price is $42.32 and its two-hundred day moving average price is $49.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm has a market capitalization of $2.56 billion, a P/E ratio of 6.31, a PEG ratio of 1.02 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $1.67 billion. During the same quarter last year, the business earned $2.21 EPS. The company's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is 9.01%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASO. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research report on Thursday, March 20th. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted 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 note on Friday, March 21st. Oppenheimer cut their target price on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Wedbush reduced their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and a consensus price target of $57.81.

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.