Ieq Capital LLC acquired a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,448 shares of the company's stock, valued at approximately $371,000.
A number of other institutional investors also recently added to or reduced their stakes in ASO. Harbor Capital Advisors Inc. acquired a new position in shares of Academy Sports and Outdoors during the third quarter worth $28,000. TD Private Client Wealth LLC purchased a new position in Academy Sports and Outdoors during the 3rd quarter worth $40,000. Farther Finance Advisors LLC increased its position in Academy Sports and Outdoors by 98.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 738 shares of the company's stock valued at $43,000 after buying an additional 366 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Academy Sports and Outdoors by 53.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company's stock valued at $70,000 after buying an additional 421 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Academy Sports and Outdoors by 24.3% in the third quarter. KBC Group NV now owns 2,084 shares of the company's stock worth $122,000 after acquiring an additional 408 shares in the last quarter.
Academy Sports and Outdoors Trading Down 2.1 %
Shares of ASO stock traded down $1.07 on Monday, hitting $48.53. 1,522,195 shares of the stock traded hands, compared to its average volume of 1,414,248. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a market capitalization of $3.37 billion, a PE ratio of 7.97, a PEG ratio of 1.02 and a beta of 1.23. The firm's 50-day moving average price is $54.34 and its two-hundred day moving average price is $53.96. Academy Sports and Outdoors, Inc. has a twelve month low of $44.73 and a twelve month high of $75.73.
Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The company's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. As a group, analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current year.
Academy Sports and Outdoors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 annualized dividend and a dividend yield of 0.91%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 7.22%.
Analysts Set New Price Targets
ASO has been the topic of several research reports. Citigroup initiated coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a "buy" rating and a $65.00 target price on the stock. Robert W. Baird dropped their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. TD Cowen boosted their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Telsey Advisory Group reduced their target price on Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.67.
Get Our Latest Report on ASO
About Academy Sports and Outdoors
(
Free Report)
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.
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