Ingalls & Snyder LLC Increases Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Ingalls & Snyder LLC boosted its stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 65.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,219 shares of the company’s stock after purchasing an additional 16,273 shares during the quarter. Ingalls & Snyder LLC’s holdings in Academy Sports and Outdoors were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ASO. Harbor Capital Advisors Inc. purchased a new stake in Academy Sports and Outdoors in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new position in Academy Sports and Outdoors during the third quarter valued at approximately $40,000. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors during the third quarter valued at approximately $40,000. Farther Finance Advisors LLC grew its position in Academy Sports and Outdoors by 98.4% during the third quarter. Farther Finance Advisors LLC now owns 738 shares of the company’s stock valued at $43,000 after acquiring an additional 366 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Academy Sports and Outdoors by 53.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock valued at $70,000 after acquiring an additional 421 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $52.63 on Thursday. The company has a market cap of $3.65 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.04 and a beta of 1.23. 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 business’s 50 day moving average price is $54.75 and its 200-day moving average price is $53.87. Academy Sports and Outdoors, Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.38 EPS. Sell-side analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 7.22%.

Wall Street Analyst Weigh In

ASO has been the topic of a number of recent research reports. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Citigroup started coverage on shares of Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price on the stock. TD Cowen raised 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 report on Wednesday, January 8th. Truist Financial raised their target price on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.67.

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.