GAMMA Investing LLC Takes $83,000 Position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

GAMMA Investing LLC acquired a new stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,329 shares of the company’s stock, valued at approximately $83,000.

Several other large investors also recently made changes to their positions in ASO. Vaughan Nelson Investment Management L.P. bought a new position in shares of Academy Sports and Outdoors during the 4th quarter valued at about $25,933,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Academy Sports and Outdoors by 2,687.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 300,277 shares of the company’s stock worth $14,194,000 after buying an additional 289,506 shares during the period. Pacifica Capital Investments LLC acquired a new position in shares of Academy Sports and Outdoors in the third quarter worth about $8,889,000. Loomis Sayles & Co. L P acquired a new position in shares of Academy Sports and Outdoors in the third quarter worth about $7,380,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Academy Sports and Outdoors in the third quarter worth about $3,551,000.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the transaction, the director now owns 7,870 shares in the company, valued at $472,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Evercore ISI decreased their target price on shares of Academy Sports and Outdoors from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company decreased their target price on shares of Academy Sports and Outdoors from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Robert W. Baird raised their price target on shares of Academy Sports and Outdoors from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Truist Financial restated a “buy” rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Tuesday, March 19th. Finally, TD Cowen decreased their price target on shares of Academy Sports and Outdoors from $86.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average price target of $73.82.

Academy Sports and Outdoors Stock Up 0.1 %

ASO opened at $60.76 on Tuesday. Academy Sports and Outdoors, Inc. has a 1-year low of $42.83 and a 1-year high of $75.73. The stock’s fifty day simple moving average is $66.03 and its 200 day simple moving average is $60.22. The company has a current ratio of 1.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.48 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35.

Academy Sports and Outdoors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, March 26th were given a dividend of $0.11 per share. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, March 25th. This represents a $0.44 annualized dividend and a yield of 0.72%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.55%.

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.