LSV Asset Management Has $109.07 Million Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

LSV Asset Management grew its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,652,541 shares of the company's stock after acquiring an additional 365,855 shares during the period. LSV Asset Management owned about 2.23% of Academy Sports and Outdoors worth $109,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ASO. Commonwealth Equity Services LLC raised its position in shares of Academy Sports and Outdoors by 13.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,497 shares of the company's stock worth $449,000 after purchasing an additional 1,145 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Academy Sports and Outdoors by 6.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,639 shares of the company's stock worth $1,874,000 after purchasing an additional 2,273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Academy Sports and Outdoors by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,433 shares of the company's stock worth $730,000 after purchasing an additional 2,248 shares during the last quarter. Washington Capital Management Inc. acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $494,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Academy Sports and Outdoors by 2,687.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 300,277 shares of the company's stock worth $14,194,000 after purchasing an additional 289,506 shares during the last quarter.

Academy Sports and Outdoors Stock Down 0.6 %

ASO stock traded down $0.35 during midday trading on Friday, hitting $57.40. 1,001,515 shares of the company's stock were exchanged, compared to its average volume of 1,307,809. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.84 and a beta of 1.40. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $65.04 and a 200-day moving average price of $60.37. Academy Sports and Outdoors, Inc. has a 12-month low of $42.83 and a 12-month high of $75.73.

Academy Sports and Outdoors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, March 26th were issued a $0.11 dividend. The ex-dividend date was Monday, March 25th. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.77%. Academy Sports and Outdoors's dividend payout ratio is currently 6.55%.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company's stock, valued at $472,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASO. Wedbush reaffirmed an "outperform" rating and issued a $80.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, April 1st. Evercore ISI lowered their target price on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Tuesday, April 16th. Telsey Advisory Group lowered their target price on shares of Academy Sports and Outdoors from $83.00 to $75.00 and set an "outperform" rating for the company in a research note on Thursday, March 21st. B. Riley reissued a "buy" rating and set a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Finally, Jefferies Financial Group started coverage on shares of Academy Sports and Outdoors in a research note on Friday, April 12th. They set a "buy" rating and a $85.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Academy Sports and Outdoors has an average rating of "Moderate Buy" and an average target price of $73.88.

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.