Nuveen Asset Management LLC Cuts Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Nuveen Asset Management LLC cut its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,737 shares of the company's stock after selling 13,421 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.42% of Academy Sports and Outdoors worth $16,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC grew its position in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after buying an additional 496 shares during the period. Parkside Financial Bank & Trust grew 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 valued at $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC grew its position 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 purchasing an additional 1,000 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Academy Sports and Outdoors by 242.9% during 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 last quarter. Finally, Sterling Capital Management LLC grew its position 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 during the last quarter.

Analyst Upgrades and Downgrades

ASO has been the topic of several recent analyst reports. Jefferies Financial Group set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Thursday, March 20th. UBS Group cut their price objective on shares of Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. increased 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 research report on Friday, March 21st. Citigroup cut their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, Morgan Stanley lowered their target price on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.75.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded up $0.27 during trading on Tuesday, hitting $40.92. The company's stock had a trading volume of 2,250,953 shares, compared to its average volume of 1,652,398. The company has a 50-day moving average of $41.13 and a 200-day moving average of $48.26. 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 debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the business earned $2.21 EPS. The business's quarterly revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.13 per share. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.27%. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

Academy Sports and Outdoors 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.