GAMMA Investing LLC Grows Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

GAMMA Investing LLC boosted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 10,181.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,799 shares of the company's stock after buying an additional 126,556 shares during the quarter. GAMMA Investing LLC owned approximately 0.19% of Academy Sports and Outdoors worth $5,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $52,402,000. Norges Bank acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $47,436,000. Hood River Capital Management LLC acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $42,320,000. American Century Companies Inc. increased its position in shares of Academy Sports and Outdoors by 77.2% in the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after buying an additional 545,778 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $27,445,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday. Evercore ISI reduced their price target 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 report on Tuesday, April 1st. Loop Capital lowered their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. B. Riley cut their price objective on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Wedbush decreased their target price on 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.31.

Academy Sports and Outdoors Trading Up 0.7%

Shares of ASO traded up $0.33 during midday trading on Thursday, reaching $45.55. The company had a trading volume of 590,820 shares, compared to its average volume of 1,652,190. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year 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 firm has a 50 day simple moving average of $40.25 and a 200-day simple moving average of $47.83. The stock has a market cap of $3.03 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm 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 EPS. The company's revenue for the quarter was down .9% compared to the same quarter last year. Research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.14%. Academy Sports and Outdoors's dividend payout ratio is currently 9.01%.

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.