Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Holdings Increased by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 8.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,273,158 shares of the company's stock after acquiring an additional 98,582 shares during the quarter. Academy Sports and Outdoors comprises 0.6% of Royce & Associates LP's investment portfolio, making the stock its 21st biggest holding. Royce & Associates LP owned 1.91% of Academy Sports and Outdoors worth $58,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $47,436,000. Hood River Capital Management LLC purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at approximately $42,320,000. American Century Companies Inc. increased its stake in Academy Sports and Outdoors by 77.2% in the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock valued at $72,068,000 after purchasing an additional 545,778 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 404,863 shares in the last quarter. Finally, LSV Asset Management increased its stake in Academy Sports and Outdoors by 14.2% in the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company's stock valued at $111,611,000 after purchasing an additional 241,100 shares in the last quarter.

Academy Sports and Outdoors Trading Up 0.8%

Shares of NASDAQ:ASO traded up $0.42 during midday trading on Monday, reaching $55.90. The company's stock had a trading volume of 1,367,552 shares, compared to its average volume of 1,681,717. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.61. The business has a 50 day moving average price of $46.57 and a 200 day moving average price of $46.48.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a net margin of 6.55% and a return on equity of 19.62%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $1.08 EPS. Academy Sports and Outdoors's revenue 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 year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, June 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, June 18th. Academy Sports and Outdoors's payout ratio is currently 9.56%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ASO shares. Morgan Stanley dropped their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Citigroup dropped their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. UBS Group dropped their price objective on Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating for the company in a research note on Wednesday, June 4th. Evercore ISI dropped their price objective on Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price target on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.06.

Insiders Place Their Bets

In related news, Director Christopher Lee Turner sold 4,400 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $44.48, for a total value of $195,712.00. Following the transaction, the director owned 7,084 shares in the company, valued at approximately $315,096.32. The trade was a 38.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.62% of the company's stock.

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.