Ameriprise Financial Inc. Sells 14,776 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Ameriprise Financial Inc. reduced its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,725 shares of the company's stock after selling 14,776 shares during the quarter. Ameriprise Financial Inc. owned 0.24% of Academy Sports and Outdoors worth $9,650,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. AlphaQuest LLC raised its position in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after buying an additional 496 shares during the period. Parkside Financial Bank & Trust boosted its position in 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 acquiring an additional 915 shares during the period. LGT Financial Advisors LLC grew its stake in Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after purchasing an additional 843 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Academy Sports and Outdoors by 724.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock valued at $93,000 after purchasing an additional 1,428 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently commented on ASO. JPMorgan Chase & Co. raised their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Evercore ISI dropped their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Citigroup reduced their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, March 17th. Wedbush dropped their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Robert W. Baird cut 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 report on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.75.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock traded down $1.33 during trading hours on Friday, reaching $40.65. 1,264,818 shares of the company's stock were exchanged, compared to its average volume of 1,649,994. 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 quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.70 billion, a P/E ratio of 6.67, a P/E/G ratio of 1.02 and a beta of 1.29. The business has a fifty day moving average price of $41.27 and a 200-day moving average price of $48.34.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 EPS. Analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.28%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. 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.