Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP grew its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,605 shares of the company's stock after buying an additional 12,339 shares during the quarter. 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. Cullen Frost Bankers Inc. raised its position in Academy Sports and Outdoors by 3.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,565 shares of the company's stock valued at $378,000 after buying an additional 210 shares during the last quarter. Nichols & Pratt Advisers LLP MA lifted its stake in Academy Sports and Outdoors by 4.7% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 5,600 shares of the company's stock worth $322,000 after purchasing an additional 250 shares in the last quarter. Xponance Inc. lifted its stake in Academy Sports and Outdoors by 5.7% in the 4th quarter. Xponance Inc. now owns 4,916 shares of the company's stock worth $283,000 after purchasing an additional 266 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock worth $151,000 after purchasing an additional 334 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Academy Sports and Outdoors by 4.8% during the fourth quarter. Rafferty Asset Management LLC now owns 7,613 shares of the company's stock worth $438,000 after purchasing an additional 346 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Wells Fargo & Company lifted their price objective on Academy Sports and Outdoors from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Loop Capital cut 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 research report on Tuesday, April 8th. Jefferies Financial Group set a $60.00 price objective on Academy Sports and Outdoors in a research report on Thursday, March 20th. Finally, Evercore ISI dropped their target price on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of "Moderate Buy" and an average price target of $57.75.

Academy Sports and Outdoors Trading Down 1.1%

Shares of ASO traded down $0.48 during midday trading on Tuesday, hitting $44.66. The stock had a trading volume of 1,124,555 shares, compared to its average volume of 1,642,631. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.62. The firm has a market cap of $2.97 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. 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 stock's 50 day moving average is $41.53 and its 200 day moving average is $48.59.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. Academy Sports and Outdoors's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 EPS. As a group, analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.16%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio (DPR) is presently 9.01%.

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.