Washington Capital Management Inc. Acquires 2,100 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Washington Capital Management Inc. boosted its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 21.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,100 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Washington Capital Management Inc.’s holdings in Academy Sports and Outdoors were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in Academy Sports and Outdoors by 240.8% during the 4th quarter. AlphaQuest LLC now owns 702 shares of the company’s stock valued at $40,000 after purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust boosted its stake in Academy Sports and Outdoors by 1,307.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 985 shares of the company’s stock valued at $57,000 after purchasing an additional 915 shares during the period. LGT Financial Advisors LLC boosted its stake in Academy Sports and Outdoors by 1,041.7% during the 4th quarter. LGT Financial Advisors LLC now owns 1,096 shares of the company’s stock valued at $63,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC boosted its stake in Academy Sports and Outdoors by 242.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the company’s stock valued at $69,000 after purchasing an additional 843 shares during the period. Finally, Sterling Capital Management LLC boosted its stake 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 purchasing an additional 1,428 shares during the period.

Academy Sports and Outdoors Trading Up 1.3%

Shares of ASO opened at $43.46 on Friday. The stock has a fifty day moving average price of $40.06 and a two-hundred day moving average price of $47.87. 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 52-week low of $33.34 and a 52-week high of $64.62. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 1.02 and a beta of 1.28.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data 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. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $2.21 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.20%. Academy Sports and Outdoors’s payout ratio is 9.01%.

Analysts Set New Price Targets

Several equities analysts have commented on ASO shares. Truist Financial set a $45.00 price target on Academy Sports and Outdoors in a report on Wednesday, May 7th. Morgan Stanley cut their price target on Academy Sports and Outdoors from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Loop Capital cut their price target on Academy Sports and Outdoors from $77.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company upped their price target on Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Finally, Oppenheimer cut their price target on Academy Sports and Outdoors from $85.00 to $70.00 and set an “outperform” rating for the company in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

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.