Tensile Capital Management LP Has $30.32 Million Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Tensile Capital Management LP lowered its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,039 shares of the company’s stock after selling 70,000 shares during the quarter. Academy Sports and Outdoors accounts for about 3.2% of Tensile Capital Management LP’s holdings, making the stock its 13th largest position. Tensile Capital Management LP owned approximately 0.76% of Academy Sports and Outdoors worth $30,321,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ASO. AlphaQuest LLC lifted its position in shares of Academy Sports and Outdoors by 240.8% in the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Academy Sports and Outdoors by 1,307.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after buying an additional 915 shares during the period. LGT Financial Advisors LLC lifted its position in Academy Sports and Outdoors by 1,041.7% in the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock worth $63,000 after buying an additional 1,000 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Academy Sports and Outdoors by 242.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock worth $69,000 after buying an additional 843 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Academy Sports and Outdoors by 724.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,625 shares of the company’s stock valued at $93,000 after buying an additional 1,428 shares during the period.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $45.23 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. Academy Sports and Outdoors, Inc. has a one year low of $33.34 and a one year high of $64.62. The company’s fifty day moving average price is $41.51 and its 200 day moving average price is $48.67. The company has a market capitalization of $3.01 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.14. The firm 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 for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 EPS. As a group, analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, March 25th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s payout ratio is 9.01%.

Analyst Upgrades and Downgrades

ASO has been the subject of several recent research reports. Truist Financial set a $45.00 price objective on Academy Sports and Outdoors in a report on Wednesday, May 7th. Citigroup cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Wedbush lowered their price target 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. Oppenheimer cut their price objective on shares of Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, B. Riley decreased their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors has an average rating of “Moderate Buy” and a consensus price target of $57.75.

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.