Fund 1 Investments LLC Acquires Shares of 85,675 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Fund 1 Investments LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 85,675 shares of the company's stock, valued at approximately $4,929,000. Fund 1 Investments LLC owned approximately 0.12% of Academy Sports and Outdoors as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ASO. William Blair Investment Management LLC acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $52,402,000. Norges Bank acquired a new stake in Academy Sports and Outdoors in the fourth quarter valued at approximately $47,436,000. Stephens Investment Management Group LLC boosted its stake in Academy Sports and Outdoors by 331.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 959,680 shares of the company's stock valued at $55,210,000 after acquiring an additional 737,212 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth $42,320,000. Finally, American Century Companies Inc. lifted its stake in shares of Academy Sports and Outdoors by 77.2% during the fourth quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after buying an additional 545,778 shares during the period.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO traded up $7.17 on Monday, reaching $46.39. 3,835,376 shares of the company's stock traded hands, compared to its average volume of 1,639,712. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 1.02 and a beta of 1.29. The stock has a 50 day moving average price of $41.75 and a 200-day moving average price of $48.82. Academy Sports and Outdoors, Inc. has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. 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 (NASDAQ:ASO - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates 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 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 revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts predict 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. Shareholders of record on Tuesday, March 25th were issued a $0.13 dividend. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. Academy Sports and Outdoors's payout ratio is presently 9.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ASO shares. Telsey Advisory Group reiterated an "outperform" rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Wells Fargo & Company lowered their price objective on shares of Academy Sports and Outdoors from $43.00 to $38.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley lowered their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. B. Riley lowered their price objective on shares of 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. Finally, Evercore ISI lowered their price objective 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 note on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of "Moderate Buy" and an average target price of $57.44.

Academy Sports and Outdoors 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.