GAMMA Investing LLC Has $201,000 Stake in Academy Sports and Outdoors, Inc. $ASO

GAMMA Investing LLC raised its stake in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 60.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,493 shares of the company’s stock after buying an additional 1,691 shares during the period. GAMMA Investing LLC’s holdings in Academy Sports and Outdoors were worth $201,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. CWM LLC lifted its holdings in Academy Sports and Outdoors by 7.3% in the 1st quarter. CWM LLC now owns 3,888 shares of the company’s stock worth $177,000 after purchasing an additional 266 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Academy Sports and Outdoors by 1.9% in the first quarter. SummerHaven Investment Management LLC now owns 14,874 shares of the company’s stock valued at $678,000 after purchasing an additional 275 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Academy Sports and Outdoors by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,422 shares of the company’s stock worth $299,000 after buying an additional 283 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Academy Sports and Outdoors by 25.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $66,000 after buying an additional 293 shares during the period. Finally, Trust Investment Advisors grew its stake in Academy Sports and Outdoors by 1.9% in the 1st quarter. Trust Investment Advisors now owns 15,466 shares of the company’s stock valued at $705,000 after buying an additional 294 shares during the last quarter.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $49.81 on Monday. The firm has a market capitalization of $3.32 billion, a PE ratio of 9.33, a PEG ratio of 1.01 and a beta of 1.30. The company has a current ratio of 1.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.23. Academy Sports and Outdoors, Inc. has a 1-year low of $33.34 and a 1-year high of $61.25. The business’s 50 day moving average is $51.31 and its 200-day moving average is $46.17.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a $0.13 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. Academy Sports and Outdoors’s dividend payout ratio is currently 9.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Academy Sports and Outdoors from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Evercore ISI decreased their target price on Academy Sports and Outdoors from $55.00 to $50.00 and set an “in-line” rating for the company in a research note on Tuesday, September 23rd. Wells Fargo & Company reaffirmed a “positive” rating on shares of Academy Sports and Outdoors in a report on Wednesday, September 3rd. UBS Group reiterated a “neutral” rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Finally, Monness Crespi & Hardt assumed coverage on shares of Academy Sports and Outdoors in a research note on Monday, August 4th. They issued a “buy” rating and a $65.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

Academy Sports and Outdoors Profile

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.