735,608 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Acquired by Hood River Capital Management LLC

Hood River Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 735,608 shares of the company's stock, valued at approximately $42,320,000. Hood River Capital Management LLC owned 1.06% of Academy Sports and Outdoors at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. AlphaQuest LLC raised its stake 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 acquiring an additional 496 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after buying an additional 915 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 acquiring an additional 843 shares during the period. Sterling Capital Management LLC grew its position in Academy Sports and Outdoors by 724.9% in the 4th 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 last quarter. Finally, Blue Trust Inc. increased its stake in Academy Sports and Outdoors by 14.8% in 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 during the period.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock traded down $0.36 during trading on Monday, hitting $37.86. 467,656 shares of the company's stock were exchanged, compared to its average volume of 1,621,119. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 1.02 and a beta of 1.26. The business has a 50-day simple moving average of $44.13 and a 200-day simple moving average of $49.99. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-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 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. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 EPS. On average, research analysts forecast 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 disclosed 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 was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASO. Evercore ISI decreased 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 report on Tuesday, April 1st. Citigroup lowered their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, March 17th. Wedbush reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group set a $60.00 target price on Academy Sports and Outdoors in a report on Thursday, March 20th. Finally, Robert W. Baird cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Academy Sports and Outdoors has an average rating of "Moderate Buy" and a consensus price target of $58.63.

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.