Bessemer Group Inc. grew its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 325,721 shares of the company's stock after buying an additional 13,761 shares during the quarter. Bessemer Group Inc. owned 0.49% of Academy Sports and Outdoors worth $14,856,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Academy Sports and Outdoors by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company's stock valued at $212,807,000 after buying an additional 404,863 shares during the period. LSV Asset Management raised its stake in shares of Academy Sports and Outdoors by 14.2% during the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock valued at $111,611,000 after acquiring an additional 241,100 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Academy Sports and Outdoors by 1.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,464,630 shares of the company's stock worth $84,260,000 after purchasing an additional 14,997 shares during the period. American Century Companies Inc. boosted its holdings in shares of Academy Sports and Outdoors by 77.2% during the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after purchasing an additional 545,778 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Academy Sports and Outdoors by 23.5% in the fourth quarter. Royce & Associates LP now owns 1,174,576 shares of the company's stock worth $67,573,000 after purchasing an additional 223,320 shares during the last quarter.
Analyst Ratings Changes
ASO has been the subject of several research analyst reports. Oppenheimer dropped their price objective on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Telsey Advisory Group restated an "outperform" rating and set a $58.00 target price (down previously from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday, June 10th. JPMorgan Chase & Co. raised their price target on 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. Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Finally, Wedbush decreased their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.31.
Read Our Latest Research Report on ASO
Insider Transactions at Academy Sports and Outdoors
In other news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director owned 7,084 shares in the company, valued at approximately $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.62% of the company's stock.
Academy Sports and Outdoors Stock Down 3.7%
Shares of Academy Sports and Outdoors stock traded down $1.70 during midday trading on Monday, hitting $44.81. The company had a trading volume of 1,841,539 shares, compared to its average volume of 1,613,177. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.29 and a current ratio of 1.52. The stock has a market capitalization of $2.98 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.86 and a beta of 1.29. The company has a 50 day moving average of $42.28 and a 200 day moving average of $47.27.
Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, equities analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.
Academy Sports and Outdoors Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.16%. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.
Academy Sports and Outdoors Company Profile
(
Free Report)
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.
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