Fund 1 Investments LLC Takes $4.93 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Fund 1 Investments LLC bought a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 4th quarter, Holdings Channel.com reports. The firm bought 85,675 shares of the company’s stock, valued at approximately $4,929,000.

A number of other institutional investors have also added to or reduced their stakes in ASO. Dimensional Fund Advisors LP lifted its position in Academy Sports and Outdoors by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,699,015 shares of the company’s stock valued at $212,807,000 after purchasing an additional 404,863 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Academy Sports and Outdoors by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,649,276 shares of the company’s stock valued at $152,413,000 after buying an additional 197,384 shares during the last quarter. LSV Asset Management boosted its position in Academy Sports and Outdoors by 14.2% during the 4th quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock valued at $111,611,000 after buying an additional 241,100 shares during the period. American Century Companies Inc. grew its holdings in Academy Sports and Outdoors by 77.2% in 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 last quarter. Finally, Royce & Associates LP increased its position in shares of Academy Sports and Outdoors by 23.5% in the fourth quarter. Royce & Associates LP now owns 1,174,576 shares of the company’s stock valued at $67,573,000 after acquiring an additional 223,320 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $39.36 on Friday. 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 stock has a market cap of $2.62 billion, a P/E ratio of 6.46, a P/E/G ratio of 1.02 and a beta of 1.29. The business’s 50 day moving average price is $41.79 and its 200-day moving average price is $48.93. Academy Sports and Outdoors, Inc. has a 52 week low of $33.34 and a 52 week high of $64.62.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.14. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 earnings per share. Equities research analysts anticipate 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 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. The ex-dividend date was Tuesday, March 25th. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.32%. Academy Sports and Outdoors’s payout ratio is 9.01%.

Wall Street Analyst Weigh In

ASO has been the topic of several recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Evercore ISI reduced their target price on Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Oppenheimer dropped their price target on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Jefferies Financial Group set a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Thursday, March 20th. Finally, Morgan Stanley dropped their target price on shares of 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.44.

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.