Two Sigma Investments LP Trims Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Two Sigma Investments LP trimmed its holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,644 shares of the company's stock after selling 28,848 shares during the period. Two Sigma Investments LP owned 0.06% of Academy Sports and Outdoors worth $2,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC lifted its holdings in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company's stock valued at $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of 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 worth $57,000 after purchasing an additional 915 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after buying an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 843 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Academy Sports and Outdoors by 724.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after buying an additional 1,428 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ASO shares. Loop Capital reduced their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wedbush cut 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. Jefferies Financial Group set a $60.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Citigroup lowered their price target on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday. Finally, UBS Group reduced their price objective on shares of Academy Sports and Outdoors from $54.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday. 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, the company presently has an average rating of "Moderate Buy" and an average price target of $57.00.

Academy Sports and Outdoors Stock Up 0.1%

Shares of ASO stock traded up $0.04 during trading hours on Wednesday, reaching $42.80. The company had a trading volume of 1,224,243 shares, compared to its average volume of 1,655,136. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. 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 twelve month low of $33.34 and a twelve month high of $64.62. The stock's fifty day simple moving average is $40.17 and its 200 day simple moving average is $47.89.

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 (EPS) 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 company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company earned $2.21 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 6.6% on a year-over-year basis. As a group, sell-side analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share 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. Shareholders of record on Tuesday, March 25th were issued a $0.13 dividend. 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 1.21%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is currently 9.01%.

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.