Choreo LLC Invests $278,000 in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Choreo LLC acquired a new stake in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,802 shares of the company’s stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new position in shares of Academy Sports and Outdoors in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in Academy Sports and Outdoors in the 3rd quarter worth about $40,000. TD Private Client Wealth LLC bought a new position in Academy Sports and Outdoors in the third quarter valued at about $40,000. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 366 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of 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 worth $70,000 after purchasing an additional 421 shares during the last quarter.

Academy Sports and Outdoors Trading Down 0.1 %

NASDAQ ASO opened at $53.56 on Friday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.04 and a beta of 1.23. The business has a 50 day simple moving average of $54.90 and a 200 day simple moving average of $53.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. 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) 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). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $1.38 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Research analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business 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. This represents a $0.44 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ASO. Robert W. Baird dropped their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. TD Cowen raised their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reduced their price objective on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Citigroup initiated coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and set 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.67.

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.