Captrust Financial Advisors Grows Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Captrust Financial Advisors increased its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 37.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,279 shares of the company's stock after buying an additional 6,059 shares during the quarter. Captrust Financial Advisors' holdings in Academy Sports and Outdoors were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its stake in shares of Academy Sports and Outdoors by 5.6% in the 4th quarter. Baird Financial Group Inc. now owns 254,205 shares of the company's stock valued at $14,624,000 after acquiring an additional 13,371 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $6,314,000. AXA S.A. boosted its position in shares of Academy Sports and Outdoors by 1.8% during the 4th quarter. AXA S.A. now owns 97,889 shares of the company's stock worth $5,632,000 after purchasing an additional 1,721 shares during the period. LGT Financial Advisors LLC raised its position in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after purchasing an additional 1,000 shares during the period. Finally, AQR Capital Management LLC raised its position in Academy Sports and Outdoors by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 114,182 shares of the company's stock valued at $6,569,000 after purchasing an additional 6,516 shares during the period.

Analyst Upgrades and Downgrades

ASO has been the subject of several research analyst reports. Evercore ISI lowered their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. B. Riley lowered their target price 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. Truist Financial set a $45.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley cut their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.75.

Academy Sports and Outdoors Price Performance

Academy Sports and Outdoors stock opened at $45.87 on Thursday. The stock has a market cap of $3.05 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. The company has a fifty day simple moving average of $41.64 and a 200-day simple moving average of $48.78. 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 12-month low of $33.34 and a 12-month high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced 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 company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business earned $2.21 EPS. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were paid a $0.13 dividend. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is currently 9.01%.

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.

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:ASO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.