Townsquare Capital LLC Raises Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Townsquare Capital LLC raised its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,166 shares of the company’s stock after acquiring an additional 1,046 shares during the period. Townsquare Capital LLC’s holdings in Academy Sports and Outdoors were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASO. Sterling Capital Management LLC raised its stake in shares of Academy Sports and Outdoors by 724.9% in 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. LSV Asset Management lifted its stake in shares of Academy Sports and Outdoors by 14.2% during the fourth quarter. LSV Asset Management now owns 1,940,041 shares of the company’s stock worth $111,611,000 after purchasing an additional 241,100 shares in the last quarter. Capital Fund Management S.A. boosted its position in shares of Academy Sports and Outdoors by 1,930.4% in the fourth quarter. Capital Fund Management S.A. now owns 44,807 shares of the company’s stock worth $2,578,000 after buying an additional 47,255 shares during the period. Bessemer Group Inc. grew its stake in shares of Academy Sports and Outdoors by 3.6% in the fourth quarter. Bessemer Group Inc. now owns 311,960 shares of the company’s stock valued at $17,947,000 after buying an additional 10,872 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at about $2,342,000.

Academy Sports and Outdoors Trading Down 2.8 %

Academy Sports and Outdoors stock opened at $36.78 on Tuesday. 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 1 year low of $33.34 and a 1 year high of $64.62. The firm’s 50-day moving average is $45.38 and its 200-day moving average is $50.46. The company has a market cap of $2.46 billion, a P/E ratio of 6.04, a PEG ratio of 1.02 and a beta of 1.26.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Thursday, March 20th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.82 by $0.14. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 earnings per share. On average, equities 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. Shareholders of record on Tuesday, March 25th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.41%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, March 25th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 9.01%.

Analyst Ratings Changes

ASO has been the subject of several recent research reports. Wedbush 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 report on Friday, March 21st. Loop Capital dropped their price target on shares of 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. B. Riley decreased their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Monday, March 17th. Finally, Jefferies Financial Group set a $60.00 price target on Academy Sports and Outdoors in a report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Moderate Buy” and a consensus target price 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.