Two Sigma Securities LLC Sells 20,642 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Two Sigma Securities LLC lowered its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) by 76.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,216 shares of the company's stock after selling 20,642 shares during the quarter. Two Sigma Securities LLC's holdings in Academy Sports and Outdoors were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC boosted its holdings in shares of Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company's stock worth $40,000 after buying an additional 496 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Academy Sports and Outdoors by 1,307.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company's stock valued at $57,000 after purchasing an additional 915 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Academy Sports and Outdoors by 242.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company's stock worth $69,000 after purchasing an additional 843 shares during the period. Sterling Capital Management LLC lifted its position in shares of Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company's stock worth $93,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Academy Sports and Outdoors by 14.8% during the 4th quarter. Blue Trust Inc. now owns 2,591 shares of the company's stock valued at $151,000 after purchasing an additional 334 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ASO. Citigroup reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Morgan Stanley dropped 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 report on Friday, March 21st. Jefferies Financial Group set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Thursday, March 20th. TD Cowen upped their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Robert W. Baird decreased their price objective on 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors has a consensus rating of "Moderate Buy" and a consensus target price of $57.81.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO traded down $0.09 during mid-day trading on Thursday, reaching $37.59. 1,122,473 shares of the company were exchanged, compared to its average volume of 1,622,457. Academy Sports and Outdoors, Inc. has a 12 month low of $33.34 and a 12 month high of $64.62. The stock has a market cap of $2.50 billion, a PE ratio of 6.17, a PEG ratio of 1.02 and a beta of 1.26. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $43.33 and a 200 day moving average of $49.71.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors's revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 EPS. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS 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. Shareholders 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 an increase 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 1.38%. Academy Sports and Outdoors's dividend 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.