Interval Partners LP Invests $8.92 Million in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Interval Partners LP purchased a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 155,000 shares of the company's stock, valued at approximately $8,917,000. Interval Partners LP owned about 0.22% of Academy Sports and Outdoors as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ASO. Fund 1 Investments LLC bought a new position in Academy Sports and Outdoors during the fourth quarter worth about $4,929,000. Bank of New York Mellon Corp lifted its holdings in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company's stock valued at $40,974,000 after purchasing an additional 90,592 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Academy Sports and Outdoors during the 4th quarter worth approximately $1,969,000. Wells Fargo & Company MN raised its holdings in Academy Sports and Outdoors by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 216,686 shares of the company's stock worth $12,466,000 after buying an additional 22,146 shares during the period. Finally, Pacifica Capital Investments LLC lifted its stake in Academy Sports and Outdoors by 7.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 400,505 shares of the company's stock valued at $23,041,000 after buying an additional 29,410 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASO. Morgan Stanley cut their price objective on shares of Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. UBS Group dropped their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a research report on Thursday, March 20th. Finally, Wedbush lowered their price objective on shares of 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. 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 has an average rating of "Moderate Buy" and an average price target of $57.75.

Academy Sports and Outdoors Stock Performance

ASO traded down $0.26 on Friday, reaching $45.23. The company had a trading volume of 1,346,180 shares, compared to its average volume of 1,734,120. The stock has a market cap of $3.01 billion, a P/E ratio of 7.43, a P/E/G ratio of 1.02 and a beta of 1.29. 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 fifty-two week low of $33.34 and a fifty-two week high of $64.61. The company's fifty day moving average is $41.54 and its 200 day moving average is $48.74.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.14. The company had revenue of $1.68 billion for 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 firm's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 earnings per share. As a group, analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. Academy Sports and Outdoors's payout ratio is presently 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.