EMC Capital Management Has $400,000 Stock Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

EMC Capital Management cut its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 26.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,959 shares of the company’s stock after selling 2,501 shares during the quarter. EMC Capital Management’s holdings in Academy Sports and Outdoors were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ASO. Harbor Capital Advisors Inc. acquired a new position in Academy Sports and Outdoors during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of Academy Sports and Outdoors during the 3rd quarter worth about $40,000. TD Private Client Wealth LLC acquired a new position in shares of Academy Sports and Outdoors during the third quarter valued at about $40,000. Farther Finance Advisors LLC lifted its stake 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 buying an additional 366 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Academy Sports and Outdoors during the third quarter worth about $58,000.

Academy Sports and Outdoors Trading Up 0.6 %

ASO stock opened at $54.31 on Thursday. The business has a fifty day moving average price of $54.11 and a 200 day moving average price of $54.04. 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 fifty-two week low of $44.73 and a fifty-two week high of $75.73. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 1.23 and a beta of 1.25.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.49% and a return on equity of 23.32%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. Analysts expect that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

Analyst Ratings Changes

ASO has been the subject of several recent research reports. Citigroup assumed coverage on Academy Sports and Outdoors in a report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Telsey Advisory Group decreased their price target 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. Truist Financial increased their price objective on shares of 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. Finally, Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $65.00 to $60.00 in a research report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.67.

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.