Hunter Perkins Capital Management LLC Increases Stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Hunter Perkins Capital Management LLC boosted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 150.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,886 shares of the company’s stock after purchasing an additional 34,731 shares during the period. Hunter Perkins Capital Management LLC owned approximately 0.08% of Academy Sports and Outdoors worth $3,332,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. KBC Group NV increased its position in shares of Academy Sports and Outdoors by 88.4% in the 4th quarter. KBC Group NV now owns 3,926 shares of the company’s stock valued at $226,000 after acquiring an additional 1,842 shares during the period. Blue Trust Inc. increased its holdings in shares of Academy Sports and Outdoors by 14.8% in the fourth 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. Crossmark Global Holdings Inc. raised its stake in shares of Academy Sports and Outdoors by 3.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,608 shares of the company’s stock worth $553,000 after purchasing an additional 362 shares during the last quarter. Spring Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $288,000. Finally, Doliver Advisors LP boosted its position in Academy Sports and Outdoors by 43.6% in the fourth quarter. Doliver Advisors LP now owns 7,735 shares of the company’s stock valued at $445,000 after buying an additional 2,350 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $56.34 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm has a fifty day moving average of $53.57 and a 200 day moving average of $54.02. The firm has a market cap of $3.91 billion, a PE ratio of 9.25, a PEG ratio of 1.23 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Citigroup started coverage on Academy Sports and Outdoors in a research note on Wednesday, December 18th. They set a “buy” rating and a $65.00 price objective for the company. Finally, TD Cowen boosted their price objective 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. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Academy Sports and Outdoors presently has a consensus rating of “Hold” and a consensus price target of $61.67.

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.