Ingalls & Snyder LLC Has $2.37 Million Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Ingalls & Snyder LLC lifted its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 65.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,219 shares of the company’s stock after acquiring an additional 16,273 shares during the period. Ingalls & Snyder LLC owned 0.06% of Academy Sports and Outdoors worth $2,371,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Academy Sports and Outdoors by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,023,192 shares of the company’s stock valued at $118,092,000 after purchasing an additional 50,715 shares in the last quarter. Citigroup Inc. increased its stake in Academy Sports and Outdoors by 66.4% during the 3rd quarter. Citigroup Inc. now owns 95,644 shares of the company’s stock valued at $5,582,000 after purchasing an additional 38,155 shares in the last quarter. FMR LLC increased its stake in Academy Sports and Outdoors by 15.3% during the 3rd quarter. FMR LLC now owns 10,739,463 shares of the company’s stock valued at $626,755,000 after purchasing an additional 1,422,971 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Academy Sports and Outdoors by 21.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock valued at $12,983,000 after purchasing an additional 39,134 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in Academy Sports and Outdoors during the 3rd quarter valued at $633,000.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen boosted 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. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, December 18th. They issued a “buy” rating and a $65.00 target price for the company. Telsey Advisory Group reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research note 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 stock. According to data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $52.63 on Thursday. The company has a market cap of $3.65 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. Academy Sports and Outdoors, Inc. has a 52 week low of $44.73 and a 52 week high of $75.73. The company has a quick ratio of 0.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $54.75 and its two-hundred day simple moving average is $53.87.

Academy Sports and Outdoors (NASDAQ:ASO) last released 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 for the quarter, compared to analysts’ expectations of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. Research analysts predict that Academy Sports and Outdoors, Inc. will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.11 per share. 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%.

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.