By otakuyassine3@gmail.com 
Y Intercept Hong Kong Ltd bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,534 shares of the company’s stock, valued at approximately $323,000.
Other institutional investors have also made changes to their positions in the company. Hodges Capital Management Inc. lifted its position in shares of Academy Sports and Outdoors by 24.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 252,823 shares of the company’s stock valued at $14,755,000 after acquiring an additional 50,375 shares during the period. XTX Topco Ltd bought a new stake in Academy Sports and Outdoors during the third quarter worth about $1,221,000. Weiss Asset Management LP bought a new position in Academy Sports and Outdoors in the 3rd quarter valued at about $1,679,000. Tabor Asset Management LP raised its position in shares of Academy Sports and Outdoors by 168.5% in the 3rd quarter. Tabor Asset Management LP now owns 100,838 shares of the company’s stock valued at $5,885,000 after buying an additional 63,288 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $6,811,000.
Wall Street Analysts Forecast Growth
ASO has been the subject of several research analyst reports. Telsey Advisory Group 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 Thursday, December 5th. Evercore ISI downgraded shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $65.00 to $60.00 in a research note on Thursday, October 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Jefferies Financial Group dropped their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Loop Capital reaffirmed a “buy” rating and set a $77.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.07.
Check Out Our Latest Research Report on ASO
Academy Sports and Outdoors Price Performance
Academy Sports and Outdoors stock opened at $56.01 on Wednesday. The firm has a market cap of $3.89 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.06 and a beta of 1.31. The stock’s 50 day moving average is $51.43 and its 200 day moving average is $53.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. Academy Sports and Outdoors, Inc. has a one year low of $44.73 and a one year high of $75.73.
Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. As a group, research analysts expect that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current year.
Academy Sports and Outdoors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s payout ratio is currently 7.22%.
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.
See Also
Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Free Report).
Receive News & Ratings for Academy Sports and Outdoors Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Academy Sports and Outdoors and related companies with MarketBeat.com’s FREE daily email newsletter.