Interval Partners LP Acquires Shares of 155,000 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

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

A number of other large investors have also recently modified their holdings of ASO. AlphaQuest LLC raised its position in shares of Academy Sports and Outdoors by 240.8% in the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after acquiring an additional 496 shares in the last quarter. Parkside Financial Bank & Trust lifted its position 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. LGT Financial Advisors LLC boosted its holdings in shares of 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 position in shares of Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after buying an additional 843 shares during the last quarter. Finally, Sterling Capital Management LLC lifted 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 valued at $93,000 after acquiring an additional 1,428 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ASO shares. Morgan Stanley lowered their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Wedbush cut 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. Truist Financial set a $45.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a "neutral" rating 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.44.

Academy Sports and Outdoors Stock Down 2.2 %

ASO opened at $39.36 on Friday. The company has a market cap of $2.62 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. Academy Sports and Outdoors, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The company has a 50-day moving average price of $41.79 and a 200 day moving average price of $48.90. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating 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 business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $2.21 earnings per share. The business's quarterly revenue was down 6.6% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.32%. 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.

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