Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,257 shares of the company's stock after buying an additional 20,903 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Academy Sports and Outdoors worth $8,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC increased its holdings in 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 buying an additional 496 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after acquiring an additional 915 shares during the period. LGT Financial Advisors LLC boosted its stake in Academy Sports and Outdoors by 1,041.7% in the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company's stock valued at $63,000 after acquiring an additional 1,000 shares during the period. Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock valued at $69,000 after acquiring an additional 843 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in 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 acquiring an additional 1,428 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASO. B. Riley decreased their target price on Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Robert W. Baird decreased their target price on 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. Citigroup decreased their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Wedbush decreased their target price on 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. Finally, Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.31.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded down $0.03 during midday trading on Wednesday, hitting $42.74. 208,967 shares of the stock were exchanged, compared to its average volume of 1,647,837. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 1.02 and a beta of 1.28. The business has a 50-day moving average price of $40.24 and a two-hundred day moving average price of $47.93. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the company earned $2.21 earnings per share. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were issued a dividend of $0.13 per share. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 annualized dividend and a yield of 1.22%. Academy Sports and Outdoors's payout ratio is presently 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.