Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted 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 disclosure with the Securities and Exchange Commission (SEC). The firm owned 325,721 shares of the company's stock after acquiring an additional 13,761 shares during the quarter. Bessemer Group Inc. owned about 0.49% of Academy Sports and Outdoors worth $14,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ASO. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Academy Sports and Outdoors by 2.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,905 shares of the company's stock worth $1,410,000 after acquiring an additional 691 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Academy Sports and Outdoors by 203.0% during the 1st quarter. Blue Trust Inc. now owns 2,121 shares of the company's stock valued at $97,000 after buying an additional 1,421 shares during the period. Mission Wealth Management LP boosted its stake in shares of Academy Sports and Outdoors by 13.3% during the 1st quarter. Mission Wealth Management LP now owns 5,110 shares of the company's stock valued at $233,000 after buying an additional 600 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Academy Sports and Outdoors by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company's stock valued at $678,000 after purchasing an additional 275 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Academy Sports and Outdoors by 125.4% in the 1st quarter. GAMMA Investing LLC now owns 2,802 shares of the company's stock valued at $128,000 after purchasing an additional 1,559 shares during the last quarter.

Academy Sports and Outdoors Trading Up 2.8%

Shares of NASDAQ ASO opened at $45.70 on Friday. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.52 and a quick ratio of 0.29. The firm has a market capitalization of $3.04 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.83 and a beta of 1.28. The company's 50 day simple moving average is $41.94 and its 200 day simple moving average is $47.46.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is 9.56%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI reduced their price objective on shares of 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. B. Riley lowered their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their target price 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. Wedbush decreased 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. Finally, Robert W. Baird decreased 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.31.

About Academy Sports and Outdoors

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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