Y Intercept Hong Kong Ltd Makes New $323,000 Investment in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Y Intercept Hong Kong Ltd bought a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,534 shares of the company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new stake in Academy Sports and Outdoors during the third quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Academy Sports and Outdoors in the 3rd quarter worth $40,000. Farther Finance Advisors LLC raised its holdings in shares of Academy Sports and Outdoors by 98.4% in 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 during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Academy Sports and Outdoors during the third quarter valued at about $58,000. Finally, Nisa Investment Advisors LLC lifted its position 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 valued at $70,000 after purchasing an additional 421 shares in the last quarter.

Academy Sports and Outdoors Stock Up 1.9 %

Shares of NASDAQ:ASO opened at $56.01 on Wednesday. The firm has a fifty day moving average price of $51.43 and a two-hundred day moving average price of $53.41. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 1.06 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.41. 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 issued 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 return on equity of 23.32% and a net margin of 7.49%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS. Analysts anticipate that Academy Sports and Outdoors, Inc. will post 5.92 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

Analyst Ratings Changes

Several research firms have commented on ASO. Jefferies Financial Group decreased their price objective on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their price target on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Truist Financial upped their price objective on Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. TD Cowen lifted their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.07.

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.