BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 36,787 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,962 shares of the company's stock after selling 36,787 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.30% of Academy Sports and Outdoors worth $11,964,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ASO. AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC lifted its holdings in shares of Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock worth $63,000 after purchasing an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC grew its position in 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 stake in 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 purchasing an additional 1,428 shares in the last quarter.

Academy Sports and Outdoors Price Performance

ASO stock traded up $0.18 during mid-day trading on Wednesday, reaching $41.10. 477,695 shares of the company traded hands, compared to its average volume of 1,647,835. The company has a fifty day moving average price of $41.00 and a 200-day moving average price of $48.21. The company has a market capitalization of $2.73 billion, a P/E ratio of 6.74, a P/E/G 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. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

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 (EPS) for the quarter, beating 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $2.21 earnings per share. The firm's quarterly revenue was down 6.6% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a $0.13 dividend. The ex-dividend date was Tuesday, March 25th. 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 1.27%. Academy Sports and Outdoors's payout ratio is 9.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted 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 report on Friday, March 21st. Robert W. Baird lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group set a $60.00 price objective on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Loop Capital dropped their price target on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Wedbush reduced 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 research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.75.

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.