Systematic Financial Management LP Has $12.98 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Systematic Financial Management LP raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,605 shares of the company's stock after acquiring an additional 12,339 shares during the period. Systematic Financial Management LP owned approximately 0.33% of Academy Sports and Outdoors worth $12,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASO. AlphaQuest LLC grew its position in Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after buying an additional 496 shares in the last quarter. Parkside Financial Bank & Trust lifted its position 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 acquiring an additional 915 shares during the period. LGT Financial Advisors LLC grew its holdings in shares of 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 worth $63,000 after purchasing an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 valued at $69,000 after purchasing an additional 843 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of 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 valued at $93,000 after purchasing an additional 1,428 shares in the last quarter.

Academy Sports and Outdoors Trading Down 2.7%

Academy Sports and Outdoors stock traded down $1.15 during trading hours on Friday, reaching $40.84. 460,897 shares of the company's stock traded hands, compared to its average volume of 1,640,140. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 1.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The firm's 50 day moving average is $41.38 and its 200-day moving average is $48.47.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $2.21 earnings per share. Academy Sports and Outdoors's revenue was down 6.6% compared to the same quarter last year. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Tuesday, March 25th. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio is currently 9.01%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASO. JPMorgan Chase & Co. boosted their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Oppenheimer dropped their target price on Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Loop Capital dropped their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $57.75.

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.