Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 33.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,861 shares of the company’s stock after acquiring an additional 42,761 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.25% of Academy Sports and Outdoors worth $9,887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth about $40,000. AlphaQuest LLC increased its stake in 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 acquiring an additional 496 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock worth $43,000 after acquiring an additional 366 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in 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 acquiring an additional 915 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 843 shares during the last quarter.

Academy Sports and Outdoors Trading Down 2.3 %

Shares of ASO opened at $43.82 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of 7.20, a P/E/G ratio of 1.02 and a beta of 1.25. Academy Sports and Outdoors, Inc. has a one year low of $43.16 and a one year high of $74.26. 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 stock has a 50-day moving average price of $52.41 and a 200 day moving average price of $53.52.

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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $1.38 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Increases Dividend

The company also recently announced 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 1.19%. The ex-dividend date is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen upped their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Robert W. Baird decreased their target price on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial upped their target price on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group decreased 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 report on Thursday, December 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.67.

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.