Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Stock Position Increased by Washington Capital Management Inc.

Washington Capital Management Inc. lifted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 21.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,100 shares of the company’s stock after buying an additional 2,100 shares during the period. Washington Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $552,000 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. AlphaQuest LLC raised its position in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Academy Sports and Outdoors by 1,307.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock worth $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC raised its position in shares of Academy Sports and Outdoors by 1,041.7% during the fourth quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Academy Sports and Outdoors by 242.9% during 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. Finally, Sterling Capital Management LLC raised its position in shares of Academy Sports and Outdoors by 724.9% during the fourth 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 period.

Analysts Set New Price Targets

ASO has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Tuesday, June 3rd. Evercore ISI lowered their price target on Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Loop Capital reduced their price objective on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Robert W. Baird dropped their target price 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Academy Sports and Outdoors Stock Performance

ASO opened at $43.46 on Friday. The company has a market cap of $2.89 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. The stock has a 50-day moving average of $40.06 and a 200-day moving average of $47.87. Academy Sports and Outdoors, Inc. has a 52-week low of $33.34 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.14. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 EPS. As a group, equities research analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.20%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 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.