LSV Asset Management Has $99.54 Million Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Key Points

• LSV Asset Management increased its holdings in Academy Sports and Outdoors by 12.5%, acquiring an additional 242,300 shares, bringing its total ownership to approximately 3.28% valued at $99.5 million.
• The stock recently opened at $49.27, with a market capitalization of $3.28 billion, a P/E ratio of 9.06, and a dividend yield of 1.1% after announcing a quarterly dividend of $0.13.
• Academy Sports and Outdoors reported a quarterly earnings miss, with EPS of $0.76, falling short of analysts' expectations of $0.89, alongside a revenue of $1.35 billion, slightly below the forecast of $1.38 billion.

LSV Asset Management lifted its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,182,341 shares of the company's stock after acquiring an additional 242,300 shares during the quarter. LSV Asset Management owned 3.28% of Academy Sports and Outdoors worth $99,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Academy Sports and Outdoors in the 4th quarter valued at $47,436,000. Hood River Capital Management LLC purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $42,320,000. Dimensional Fund Advisors LP boosted its position in Academy Sports and Outdoors by 12.3% in 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 last quarter. Jump Financial LLC purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $9,947,000. Finally, Shellback Capital LP purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $9,349,000.

Insiders Place Their Bets

In other news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.62% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America reduced their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Citigroup cut their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. Monness Crespi & Hardt began coverage on shares of Academy Sports and Outdoors in a report on Monday. They issued a "buy" rating and a $65.00 target price on the stock. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $45.00 to $47.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. Finally, UBS Group cut their target price on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Moderate Buy" and an average price target of $57.53.

Academy Sports and Outdoors Stock Down 2.7%

Shares of Academy Sports and Outdoors stock traded down $1.40 on Thursday, hitting $50.31. 102,496 shares of the company traded hands, compared to its average volume of 1,659,259. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month high of $64.61. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.34 billion, a PE ratio of 9.23, a PEG ratio of 0.95 and a beta of 1.30. The company has a 50-day moving average price of $48.15 and a 200 day moving average price of $46.49.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued 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). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's dividend payout ratio is currently 9.56%.

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.