Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Tensile Capital Management LP

Tensile Capital Management LP trimmed its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 527,039 shares of the company's stock after selling 70,000 shares during the period. Academy Sports and Outdoors comprises 3.2% of Tensile Capital Management LP's investment portfolio, making the stock its 13th largest position. Tensile Capital Management LP owned 0.76% of Academy Sports and Outdoors worth $30,321,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Spring Capital Management LLC acquired a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at $288,000. Crossmark Global Holdings Inc. raised its position in Academy Sports and Outdoors by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company's stock valued at $553,000 after purchasing an additional 362 shares during the period. Blue Trust Inc. lifted its stake 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. KBC Group NV boosted its position in shares of Academy Sports and Outdoors by 88.4% in the fourth quarter. KBC Group NV now owns 3,926 shares of the company's stock worth $226,000 after buying an additional 1,842 shares during the period. Finally, Hunter Perkins Capital Management LLC grew its stake in shares of Academy Sports and Outdoors by 150.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 57,886 shares of the company's stock valued at $3,332,000 after buying an additional 34,731 shares in the last quarter.

Analyst Ratings Changes

ASO has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Wedbush decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Oppenheimer dropped their price target on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an "outperform" rating on the stock in a research note 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 report on Monday, March 17th. Finally, Loop Capital reduced their target price 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $57.75.

Academy Sports and Outdoors Stock Performance

Shares of NASDAQ:ASO traded down $0.94 during trading on Friday, reaching $41.04. 553,196 shares of the company's stock traded hands, compared to its average volume of 1,640,618. The stock has a market capitalization of $2.73 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. 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 50 day moving average of $41.38 and a 200-day moving average of $48.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business's revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 earnings per share. On average, equities analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.27%. Academy Sports and Outdoors's dividend payout ratio (DPR) is currently 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.