Kapitalo Investimentos Ltda Purchases Shares of 1,106 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Kapitalo Investimentos Ltda acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,106 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors have also recently made changes to their positions in ASO. Jones Financial Companies Lllp bought a new stake in Academy Sports and Outdoors in the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC grew its holdings in Academy Sports and Outdoors by 517.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock valued at $69,000 after buying an additional 880 shares in the last quarter. GAMMA Investing LLC bought a new stake in Academy Sports and Outdoors in the 4th quarter worth approximately $83,000. SkyView Investment Advisors LLC raised its holdings 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 worth $93,000 after acquiring an additional 245 shares in the last quarter. Finally, BRYN MAWR TRUST Co bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter valued at approximately $209,000.

Wall Street Analyst Weigh In

ASO has been the topic of several research reports. Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $63.00 in a research report on Tuesday, June 11th. B. Riley restated a “buy” rating and set a $72.00 target price (up from $65.00) on shares of Academy Sports and Outdoors in a research report on Monday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Jefferies Financial Group started coverage on Academy Sports and Outdoors in a research note on Friday, April 12th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, UBS Group lowered Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $81.00 to $58.00 in a research note on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.93.

Academy Sports and Outdoors Stock Down 0.8 %

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

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

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be paid a $0.11 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.44 annualized dividend and a yield of 0.81%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.73%.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.19% of the stock is currently owned by company insiders.

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.