735,608 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Acquired by Hood River Capital Management LLC

Hood River Capital Management LLC bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 735,608 shares of the company’s stock, valued at approximately $42,320,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Academy Sports and Outdoors by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 421,719 shares of the company’s stock worth $24,262,000 after purchasing an additional 3,756 shares in the last quarter. Quantessence Capital LLC acquired a new position in Academy Sports and Outdoors during the 4th quarter worth approximately $365,000. Voss Capital LP grew its position in Academy Sports and Outdoors by 13.5% in the fourth quarter. Voss Capital LP now owns 420,000 shares of the company’s stock valued at $24,163,000 after acquiring an additional 50,000 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Academy Sports and Outdoors by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,093 shares of the company’s stock valued at $523,000 after purchasing an additional 6,484 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Academy Sports and Outdoors by 3.0% during the fourth quarter. MetLife Investment Management LLC now owns 41,439 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,217 shares in the last quarter.

Academy Sports and Outdoors Stock Up 0.3 %

Academy Sports and Outdoors stock opened at $36.88 on Wednesday. The company has a market capitalization of $2.47 billion, a P/E ratio of 6.06, a P/E/G ratio of 1.02 and a beta of 1.26. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $64.62. The firm’s fifty day simple moving average is $45.05 and its 200-day simple moving average is $50.36. 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 (NASDAQ:ASO) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.14. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business earned $2.21 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. Sell-side analysts forecast 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. Investors of record on Tuesday, March 25th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change 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 1.41%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.01%.

Analyst Ratings Changes

A number of research firms recently weighed in on ASO. Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Oppenheimer cut their price target on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on Academy Sports and Outdoors from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Wedbush reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Loop Capital decreased their price target on shares of Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.63.

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.