Los Angeles Capital Management LLC Buys New Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Los Angeles Capital Management LLC purchased a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,543 shares of the company's stock, valued at approximately $1,290,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at approximately $83,000. SkyView Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 14.2% in the third quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company's stock valued at $93,000 after purchasing an additional 245 shares during the period. PFG Investments LLC increased its stake in shares of Academy Sports and Outdoors by 7.9% during the third quarter. PFG Investments LLC now owns 4,402 shares of the company's stock worth $208,000 after purchasing an additional 321 shares in the last quarter. BRYN MAWR TRUST Co acquired a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $209,000. Finally, Avalon Capital Management purchased a new position in Academy Sports and Outdoors in the 4th quarter valued at about $211,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ASO. Telsey Advisory Group reduced 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 report on Thursday, March 21st. Wedbush restated an "outperform" rating and set a $80.00 target price on shares of Academy Sports and Outdoors in a report on Monday, April 1st. Truist Financial restated a "buy" rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, March 19th. Robert W. Baird boosted their price objective on Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, Evercore ISI dropped their target price on Academy Sports and Outdoors from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and an average price target of $73.88.

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm's stock in a transaction on 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 owns 7,870 shares of the company's stock, valued at $472,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.19% of the stock is owned by insiders.

Academy Sports and Outdoors Stock Up 1.1 %

NASDAQ:ASO traded up $0.63 during midday trading on Thursday, hitting $57.10. 1,502,636 shares of the company were exchanged, compared to its average volume of 1,327,694. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The company has a market capitalization of $4.21 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.40. The company has a fifty day simple moving average of $64.13 and a 200 day simple moving average of $60.69.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.05). Academy Sports and Outdoors had a return on equity of 28.99% and a net margin of 8.43%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.65 earnings per share for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 25th. This is an increase 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%.

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.