Versor Investments LP Purchases Shares of 9,651 Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Versor Investments LP acquired a new position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,651 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates raised its position in Academy Sports and Outdoors by 2.3% in the 3rd quarter. Raymond James & Associates now owns 40,116 shares of the company’s stock worth $2,341,000 after purchasing an additional 892 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Academy Sports and Outdoors by 45.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,754 shares of the company’s stock valued at $589,000 after buying an additional 3,060 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Academy Sports and Outdoors by 53.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,205 shares of the company’s stock worth $70,000 after buying an additional 421 shares during the period. Strategic Blueprint LLC purchased a new position in shares of Academy Sports and Outdoors in the third quarter worth about $286,000. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Academy Sports and Outdoors by 21.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 222,468 shares of the company’s stock valued at $12,983,000 after acquiring an additional 39,134 shares during the last quarter.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock opened at $49.59 on Friday. 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’s 50 day simple moving average is $54.34 and its two-hundred day simple moving average is $53.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 1.02 and a beta of 1.23.

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

Academy Sports and Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 7.22%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ASO shares. Robert W. Baird reduced their price target on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Wedbush reaffirmed 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. Truist Financial increased their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, TD Cowen upped their price objective 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. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Academy Sports and Outdoors presently has an average rating of “Hold” and an average price target 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.