Kapitalo Investimentos Ltda Makes New Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Kapitalo Investimentos Ltda bought a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,106 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in Academy Sports and Outdoors in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Academy Sports and Outdoors by 517.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after purchasing an additional 880 shares during the period. GAMMA Investing LLC bought a new stake in shares of Academy Sports and Outdoors in the fourth quarter valued at approximately $83,000. SkyView Investment Advisors LLC lifted its stake in shares of Academy Sports and Outdoors by 14.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,975 shares of the company’s stock valued at $93,000 after buying an additional 245 shares in the last quarter. Finally, BRYN MAWR TRUST Co bought a new position in Academy Sports and Outdoors in the 3rd quarter worth approximately $209,000.

Academy Sports and Outdoors Stock Down 0.8 %

Shares of NASDAQ:ASO opened at $54.34 on Friday. The firm has a fifty day moving average of $56.19 and a 200 day moving average of $62.22. Academy Sports and Outdoors, Inc. has a 52-week low of $42.83 and a 52-week high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The firm has a market capitalization of $3.92 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. Academy Sports and Outdoors’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. As a group, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.4 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now owns 7,870 shares in the company, valued at approximately $472,200. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen lowered their target price on shares of Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th. B. Riley reissued a “buy” rating and set a $72.00 price objective (up previously from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Truist Financial cut their target price on Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, June 10th. UBS Group cut Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their price target for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Finally, Wedbush cut their price objective on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.93.

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.