172,907 Shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Bought by Jump Financial LLC

Jump Financial LLC purchased a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 172,907 shares of the company’s stock, valued at approximately $9,947,000. Jump Financial LLC owned approximately 0.25% of Academy Sports and Outdoors as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at $40,000. AlphaQuest LLC grew its stake in shares of Academy Sports and Outdoors by 240.8% during the fourth quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after buying an additional 496 shares during the last quarter. Parkside Financial Bank & Trust increased 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 worth $57,000 after buying an additional 915 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of 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 valued at $69,000 after acquiring an additional 843 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in 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 acquiring an additional 1,428 shares during the period.

Analyst Ratings Changes

ASO has been the subject of several recent research reports. Citigroup lowered their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Jefferies Financial Group set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Thursday, March 20th. Evercore ISI cut their price target on shares of Academy Sports and Outdoors from $54.00 to $53.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Robert W. Baird lowered their price objective on shares of 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 cut their target price on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Eight 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.63.

Academy Sports and Outdoors Stock Down 1.3 %

Shares of Academy Sports and Outdoors stock opened at $36.77 on Wednesday. Academy Sports and Outdoors, Inc. has a 1 year low of $33.34 and a 1 year high of $64.62. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 1.02 and a beta of 1.26. The company has a 50-day moving average of $46.58 and a 200 day moving average of $51.03. 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 (NASDAQ:ASO) last released its earnings results on Thursday, March 20th. The company reported $1.96 earnings per share (EPS) 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 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 revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $2.21 earnings per share. As a group, sell-side analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.41%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 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.