Janus Henderson Group PLC Lowers Stock Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Janus Henderson Group PLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 619,797 shares of the company's stock after selling 13,141 shares during the quarter. Janus Henderson Group PLC owned approximately 0.89% of Academy Sports and Outdoors worth $35,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new stake in Academy Sports and Outdoors during the fourth quarter worth approximately $52,402,000. Norges Bank purchased a new position in Academy Sports and Outdoors during the 4th quarter worth approximately $47,436,000. Stephens Investment Management Group LLC boosted its holdings in shares of 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 during the period. Hood River Capital Management LLC purchased a new position in Academy Sports and Outdoors during the 4th quarter worth $42,320,000. Finally, American Century Companies Inc. lifted its position in Academy Sports and Outdoors by 77.2% during the 4th quarter. American Century Companies Inc. now owns 1,252,699 shares of the company's stock worth $72,068,000 after acquiring an additional 545,778 shares during the period.

Wall Street Analysts Forecast Growth

ASO has been the subject of a number of analyst reports. Morgan Stanley cut their target price on 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. UBS Group reduced their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. B. Riley decreased their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Loop Capital cut their price target on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised 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 research note on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.75.

Academy Sports and Outdoors Price Performance

Shares of ASO stock traded up $0.27 during trading hours on Tuesday, hitting $45.41. The company's stock had a trading volume of 240,181 shares, compared to its average volume of 1,638,237. 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, Inc. has a twelve month low of $33.34 and a twelve month high of $64.62. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.02 and a beta of 1.29. The business has a fifty day moving average of $41.51 and a 200-day moving average of $48.62.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share 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 company had revenue of $1.68 billion during 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. Academy Sports and Outdoors's revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate 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. Shareholders of record on Tuesday, March 25th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, March 25th. Academy Sports and Outdoors's dividend payout ratio is 9.01%.

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.