Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 758.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,178 shares of the company’s stock after purchasing an additional 138,860 shares during the period. Academy Sports and Outdoors accounts for about 0.6% of WINTON GROUP Ltd’s portfolio, making the stock its 28th largest holding. WINTON GROUP Ltd’s holdings in Academy Sports and Outdoors were worth $9,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new position in Academy Sports and Outdoors during the third quarter worth $40,000. AlphaQuest LLC boosted its position 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 valued at $40,000 after acquiring an additional 496 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings 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 period. Smartleaf Asset Management LLC increased its position in 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 last quarter. Finally, Blue Trust Inc. raised its stake in Academy Sports and Outdoors by 14.8% during the fourth quarter. Blue Trust Inc. now owns 2,591 shares of the company’s stock worth $151,000 after purchasing an additional 334 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on ASO shares. Truist Financial raised their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on Academy Sports and Outdoors from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Oppenheimer cut their price objective on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Citigroup decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Moderate Buy” and an average target price of $60.13.

Academy Sports and Outdoors Stock Down 2.1 %

Shares of NASDAQ ASO opened at $48.98 on Thursday. The business’s fifty day simple moving average is $50.86 and its 200-day simple moving average is $53.06. The company has a current ratio of 1.57, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors, Inc. has a 12-month low of $43.16 and a 12-month high of $68.96. The stock has a market cap of $3.40 billion, a P/E ratio of 8.04, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share 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 analyst estimates of $1.67 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 earnings per share. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.06%. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is 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.