Millennium Management LLC Sells 366,225 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Millennium Management LLC lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 88.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,341 shares of the company's stock after selling 366,225 shares during the quarter. Millennium Management LLC owned 0.07% of Academy Sports and Outdoors worth $2,839,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ASO. AlphaQuest LLC lifted its holdings in Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock worth $57,000 after purchasing an additional 915 shares in the last quarter. LGT Financial Advisors LLC lifted its stake in Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after purchasing an additional 1,000 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Academy Sports and Outdoors by 242.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after buying an additional 843 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Academy Sports and Outdoors by 724.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after buying an additional 1,428 shares during the last quarter.

Analysts Set New Price Targets

ASO has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Oppenheimer cut their price objective on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Loop Capital decreased their target price on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial set a $45.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, May 7th. Finally, Morgan Stanley decreased their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

Academy Sports and Outdoors Stock Up 0.1%

Shares of Academy Sports and Outdoors stock traded up $0.04 on Wednesday, hitting $42.80. 1,224,243 shares of the company traded hands, compared to its average volume of 1,655,136. Academy Sports and Outdoors, Inc. has a 12-month low of $33.34 and a 12-month 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 company has a market cap of $2.85 billion, a PE ratio of 7.03, a PEG ratio of 1.02 and a beta of 1.28. The company has a 50-day moving average price of $40.17 and a 200 day moving average price of $47.89.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $2.21 earnings per share. The business's quarterly revenue was down 6.6% compared to the same quarter last year. 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 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 $0.13 dividend. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.21%. Academy Sports and Outdoors's payout ratio is presently 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.