Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 77.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,252,699 shares of the company’s stock after purchasing an additional 545,778 shares during the quarter. American Century Companies Inc. owned about 1.81% of Academy Sports and Outdoors worth $72,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Academy Sports and Outdoors during the 3rd quarter valued at about $1,538,000. Intech Investment Management LLC acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth approximately $1,167,000. Charles Schwab Investment Management Inc. grew its holdings in Academy Sports and Outdoors by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 751,043 shares of the company’s stock worth $43,831,000 after buying an additional 8,613 shares in the last quarter. Citigroup Inc. raised its stake in Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after acquiring an additional 38,155 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Academy Sports and Outdoors by 127.8% during the 3rd quarter. Cerity Partners LLC now owns 116,264 shares of the company’s stock worth $6,785,000 after acquiring an additional 65,220 shares during the period.

Analyst Ratings Changes

A number of brokerages recently weighed in on ASO. Telsey Advisory Group restated an “outperform” rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Monday, March 17th. Wedbush reduced their price target 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. JPMorgan Chase & Co. boosted their target price 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. UBS Group decreased their price target on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, Oppenheimer dropped their price objective 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.38.

Academy Sports and Outdoors Trading Up 0.5 %

NASDAQ ASO opened at $50.03 on Wednesday. The firm’s 50 day moving average price is $50.93 and its two-hundred day moving average price is $53.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. Academy Sports and Outdoors, Inc. has a twelve month low of $43.16 and a twelve month high of $68.96. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results 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 quarter in the previous year, the company posted $2.21 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current 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. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is currently 9.01%.

Academy Sports and Outdoors 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.