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Published September 9, 2022
Rachel Wharton
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The Inflation Reduction Act (IRA)—the biggest climate bill in US history—will help push more Americans toward solar panels, electric vehicles, and renewable energy sources. It may also change how people cook and do laundry: The bill sets aside $4.5 billion for the first-ever federal consumer rebates on electric appliances such as ranges, ovens, cooktops, and heat-pump clothes dryers.
The High-Efficiency Electric Home Rebate Program will help shift more people away from gas-powered home appliances, said Ari Matusiak, chief executive officer of Rewiring America, a nonprofit research and policy group focused on energy efficiency. “It really is a transformative deal,” he explained. Depending on your eligibility, the rebates could cut thousands of dollars off the cost of purchasing and installing electric appliances over the next decade.
But don’t rush to buy anything right now. Unless your range or oven just broke, you should wait until the rebates (which are state-run) become available, in mid- to late 2023. What should you do to prepare? Follow these five steps, which will help you maximize your savings when it’s time to buy.
The High-Efficiency Electric Home Rebate Program was designed to make switching from gas to electric more economical for many people, including those who can least afford it, Matusiak said.
The IRA appliance rebates will be available to households making up to 150% of their local area median income, a number calculated every year by the US Department of Housing and Urban Development. (You can find your area median income with this tool.) The rebates (which can be used only once per household) should be deducted by a retailer or contractor when you buy or install your appliance, instead of requiring you to file for a refund. They could also apply to rewiring work or ventilation.
The rebates apply to the cost of an appliance, as well as to costs associated with installation. Low-income households (those making below 80% of their area median income) are potentially eligible to have 100% of their costs covered. Moderate-income households (essentially everyone else who is eligible for the rebates) are potentially eligible to get up to 50% of their costs covered.
The rebates are capped at specific dollar amounts: Those eligible could get up to $840 off the cost of an electric or induction range or cooktop, an electric oven, or an electric heat-pump clothes dryer with Energy Star approval. For installation and electrical work, the rebates cover up to $500 for contractors; up to $1,600 for insulation, air sealing, and ventilation; up to $2,500 for upgrades to your electric wiring; and up to $4,000 for an upgrade to your electric load service center (the box that holds your circuit breakers and distributes electricity from your utility).
To help people navigate the numbers, Rewiring America created a calculator to show rebate possibilities based on your household income and size, your zip code, your tax filing, and whether you own or rent your home.
The IRA’s appliance rebate programs also apply to landlords and builders of multifamily buildings where at least 50% of the residents are low- or moderate-income households, as well as to those living in US territories, such as Puerto Rico, and to federally recognized Indian tribes. If you rent your home, you may be able to ask your landlord to replace an old gas stove with an electric or induction model in the coming years, especially as more cities pass legislation that limits the installation of gas appliances.
Run by state energy offices, the rebate programs will likely take about a year to create, according to Brian Lips, an energy policy expert for the NC Clean Energy Technology Center and manager of the Database of State Incentives for Renewables & Efficiency (DSIRE). But there’s no guarantee that your state will offer the full amount or range of rebates, he said. Although the Department of Energy leads the programs, each state will have its own version. Some states could give rebates for less money to more people or offer rebates only on certain appliances, such as a heat-pump clothes dryer, all of which would be tracked by DSIRE.
If possible, hold off on buying or installing a new electric kitchen appliance until 2023—especially if you’re eligible for rebates. We don’t yet know whether states will allow for retroactive reimbursement if you purchase an electric appliance now, before the new programs debut. (It may be possible, considering that the rebates legally took effect when the bill was signed, said Whitney Potter, deputy chief of staff for Senator Martin Heinrich of New Mexico, who was instrumental in creating the rebate programs.) So if you do need to buy an appliance now, check DSIRE for existing rebates and credits and save all of your paperwork and receipts.
Even if reimbursements come through, you should still wait. The IRA’s rebates, which apply at the time of purchase or installation, are easiest for buyers, Lips said. Because they also cover installation and electrical work, your store, installer, or contractor could potentially manage the whole process for you, including confirming your eligibility and deducting all of the rebates before you pay.
You may be tempted to wait as long as possible to use a rebate over the next decade. Matusiak and other industry experts predict that the increase in demand for electric appliances due to the IRA programs will lead to more supply and will eventually lower prices and spur creativity in the kitchen appliance industry, especially in induction electric cooktops. (We’ve found that induction models are better for cooking than traditional radiant electric versions, but they have remained more expensive, even the lowest-end models.) But Lips counsels against putting off a purchase for too many years: Even though the rebate programs are set up to last until September 30, 2031, the money allocated to each state may run out before then.
Also consider that because of current supply-chain issues and the housing boom, it’s already taking months to get appliances delivered or to find a contractor or the right materials to have work done on your home. The rebates will likely add to both the demand and the delays—another reason to begin the process sooner rather than later.
If you’re not eligible for the IRA kitchen appliance rebates, or if your state program doesn’t cover the electrical appliance you need to buy, you may have alternatives. You could still qualify for new IRA tax credits under the Energy Efficient Home Improvement credit (25C on tax forms). You may be able to deduct up to 30% of the costs for work on your electric load service center (up to $1,200).
Although eligible households can use IRA kitchen appliance rebates once, the 25C tax credits are available to most people and can be applied every year from 2023 until they expire in 2032, Potter explained. Tax credits can even be applied to the remaining costs after an IRA rebate is deducted.
You could also still qualify for other rebates from the IRA, or electric kitchen appliance rebates from your electric utility, city, or state, Lips said, adding that IRA rebates and tax credits can be layered with these alternative programs. Lips recommends checking DSIRE occasionally before you buy, whether or not you qualify for an IRA rebate or if you need to purchase an appliance before the programs begin. He also recommends talking to your accountant or making sure your tax software includes up-to-date information on the new bill.
You might also consider working on other electrification or energy-efficiency upgrades inside your home over the next decade, including adding a heat pump or insulated windows (both of which are also eligible for rebates or tax credits through the IRA). The Rewiring America calculator can give you an idea of what you might save on other purchases or home improvements.
As you research rebates and tax credits—and wait for them to kick in—take a good look at your kitchen and laundry-room appliances to determine what to upgrade first. Ask yourself some questions: How old are your appliances? Are they gas or electric? How well are they working for you? What do you need (or want) to replace first?
In addition, find out what other work you might need to do to prepare to switch to electric appliances. This work could include electrical upgrades or changes to your ventilation, and it may require speaking with an installer or contractor.
This is also a good time to get familiar with appliances that will fulfill the requirements of the IRA rebate programs. If you want to use a rebate on a clothes dryer, it must be an Energy Star–approved heat-pump clothes dryer. If you plan to buy one, consult the Energy Star product finder. (Our research has shown that electric heat-pump dryers are far more efficient than regular vented dryers. However, we haven’t fully vetted them in the past, in part because they have cost more and tended to be slower to dry clothes. We plan to test and review them more thoroughly in the near future.)
A representative for the Environmental Protection Agency told us that the agency hopes to add the Energy Star certification for induction cooktops only (not ranges) sometime in 2023, at which point you’ll need to buy an Energy Star–approved cooktop with a rebate. Before you buy, be sure to check the Energy Star product finder to see whether such models have been added.
There are many good reasons to ditch your gas cooking appliances for electric models, specifically those that heat with induction. Gas stoves have been shown to be potentially risky even with ventilation, in part because they emit benzene and methane. Induction also outperforms gas when it comes to energy efficiency: A representative from Energy Star, the energy-efficiency certification program run by the Environmental Protection Agency, told us that induction cooktops are the most efficient at transferring heat to your food, running at about 85% efficiency. Traditional radiant electric cooktops are next (75% to 80% efficiency), while gas ranges are only 32% efficient.
Our own research and testing shows that induction cooktops or stoves with an induction cooktop are safer to cook with than gas or electric stoves. It also shows that they are much better and easier to cook on than traditional electric versions, and that they are as flexible to cook on as gas stoves—if not better in some applications. (We plan to test more induction cooking appliances soon.) For this reason, we’ve concluded that our previous guidance to hang on to your gas stove for as long as it works is no longer the best advice, even if you just bought it. If you qualify for a rebate, it makes sense to begin the switch to electric models—especially induction, if possible—as soon as the rebate programs are available and you can afford the additional costs.
One reason induction cooking has taken so long to catch on with those who are accustomed to using gas is that it doesn’t emit heat or flames. Cooking over a smooth glass surface is just not the same as cranking up the gas to char a pepper or to heat a cast-iron pan until it’s smoking hot. There is a learning curve to induction, though it’s less difficult than you might expect. If you’re curious about induction but not ready to commit to a full-size induction cooktop, consider buying a portable induction cooktop, which costs less than $100 and will give you a feel for cooking on such appliances.
Rewiring America’s Matusiak said his own parents recently made the switch from gas to induction and that they were skeptical of how well it would work. “And as soon as they got it, they said, ‘Why didn’t we get this years ago? Because it’s so much better.’”
This article was edited by Ingrid Skjong and Courtney Schley.
1. Ari Matusiak, chief executive officer of Rewiring America, phone interview, August 9, 2022
2. Brian Lips, energy policy expert for the NC Clean Energy Technology Center and manager of the Database of State Incentives for Renewables & Efficiency (DSIRE), phone interview, August 12, 2022
3. Whitney Potter, deputy chief of staff for Senator Martin Heinrich of New Mexico, email interview, August 11, 2022
4. US Environmental Protection Agency Energy Star program, email interview, August 19, 2022
5. Alicia Cafferty, vice president of government relations (North America), BSH Home Appliances Corporation, email interview, August 11, 2022
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Saturday, October 8, 2022
iPhone 14 Plus pre-orders fall below iPhone 13 mini's poor sales - Laptop Mag
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Consumers are choosing the iPhone 14 Pro and Pro Max in overwhelming numbers
In a recent Medium post, Apple analyst Ming-Chi Kuo stated that the pre-order numbers for the iPhone 14 and iPhone 14 Plus have been "bad." By the numbers alone, Apple may have poorly positioned the two lower-end iPhone 14 models.
Spotted by MacRumors, Kuo further explains that early pre-sale numbers of the iPhone 14 Pro and Pro Max have been "neutral" or "good" so far, matching or on par with the iPhone 13 Pro and iPhone 13 Pro Max. However, some wonder, with delivery wait times going into four weeks, is this a sign of high demand or low supply? Also, if the 14 Pro and 14 Pro Max are in such high demand, how will this affect the lower-tier iPhone 14 and 14 Plus in the future?
In his Medium post, Kuo states that the iPhone 14 and iPhone 14 Plus pre-order numbers are worse than those of the iPhone SE (2022) and the iPhone 13 mini. Kuo reminds us that Apple cut orders of both the SE and 13 mini in the first half of 2022 due to low consumer demand.
It is not beyond the realm of possibility for Apple to cut supplies of the iPhone 14 and 14 Plus to ensure production is focused on the Pro and Pro Max so the company can meet consumer demand.
Some believe that the supply cuts could happen as soon as this November, which would seem like a knee-jerk reaction from Apple. All this speculation has me wondering if Apple will send the iPhone 14 and 14 Plus to the Island of Misfit Toys right before the holidays.
With the holiday shopping season soon to arrive, having two more affordable options well stocked and available would give consumers a tighter budget and the chance to grab the latest iteration of the iPhone without having to sell a limb. For a better look at the differences between the iPhone 14 and iPhone 13, we've got you covered.
Mark has spent 20 years headlining comedy shows around the country and made appearances on ABC, MTV, Comedy Central, Howard Stern, Food Network, and Sirius XM Radio. He has written about every topic imaginable, from dating, family, politics, social issues, and tech. He wrote his first tech articles for the now-defunct Dads On Tech 10 years ago, and his passion for combining humor and tech has grown under the tutelage of the Laptop Mag team. His penchant for tearing things down and rebuilding them did not make Mark popular at home, however, when he got his hands on the legendary Commodore 64, his passion for all things tech deepened. These days, when he is not filming, editing footage, tinkering with cameras and laptops, or on stage, he can be found at his desk snacking, writing about everything tech, new jokes, or scripts he dreams of filming.
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Consumers are choosing the iPhone 14 Pro and Pro Max in overwhelming numbers
In a recent Medium post, Apple analyst Ming-Chi Kuo stated that the pre-order numbers for the iPhone 14 and iPhone 14 Plus have been "bad." By the numbers alone, Apple may have poorly positioned the two lower-end iPhone 14 models.
Spotted by MacRumors, Kuo further explains that early pre-sale numbers of the iPhone 14 Pro and Pro Max have been "neutral" or "good" so far, matching or on par with the iPhone 13 Pro and iPhone 13 Pro Max. However, some wonder, with delivery wait times going into four weeks, is this a sign of high demand or low supply? Also, if the 14 Pro and 14 Pro Max are in such high demand, how will this affect the lower-tier iPhone 14 and 14 Plus in the future?
In his Medium post, Kuo states that the iPhone 14 and iPhone 14 Plus pre-order numbers are worse than those of the iPhone SE (2022) and the iPhone 13 mini. Kuo reminds us that Apple cut orders of both the SE and 13 mini in the first half of 2022 due to low consumer demand.
It is not beyond the realm of possibility for Apple to cut supplies of the iPhone 14 and 14 Plus to ensure production is focused on the Pro and Pro Max so the company can meet consumer demand.
Some believe that the supply cuts could happen as soon as this November, which would seem like a knee-jerk reaction from Apple. All this speculation has me wondering if Apple will send the iPhone 14 and 14 Plus to the Island of Misfit Toys right before the holidays.
With the holiday shopping season soon to arrive, having two more affordable options well stocked and available would give consumers a tighter budget and the chance to grab the latest iteration of the iPhone without having to sell a limb. For a better look at the differences between the iPhone 14 and iPhone 13, we've got you covered.
Mark has spent 20 years headlining comedy shows around the country and made appearances on ABC, MTV, Comedy Central, Howard Stern, Food Network, and Sirius XM Radio. He has written about every topic imaginable, from dating, family, politics, social issues, and tech. He wrote his first tech articles for the now-defunct Dads On Tech 10 years ago, and his passion for combining humor and tech has grown under the tutelage of the Laptop Mag team. His penchant for tearing things down and rebuilding them did not make Mark popular at home, however, when he got his hands on the legendary Commodore 64, his passion for all things tech deepened. These days, when he is not filming, editing footage, tinkering with cameras and laptops, or on stage, he can be found at his desk snacking, writing about everything tech, new jokes, or scripts he dreams of filming.
Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
Thank you for signing up to Laptop Mag. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.
Laptop Mag is part of Future US Inc, an international media group and leading digital publisher. Visit our corporate site (opens in new tab).
© Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.
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Friday, October 7, 2022
William Trent Kitchen & Archaeological Findings – TrentonDaily - TrentonDaily News
On Sunday, July 24th, at 2:00 p.m. both in person and over on zoom the Trent House Association presents a talk that is led by researchers and their findings from recent archaeological work on the grounds of the William Trent House Museum, along with special attention to an excavation of a 1742 kitchen building. This program will be free as well, though space will be limited at the Visitor Center.
Back in 1742, when Lewis Morris was appointed Governor of the colony of New Jersey, Lewis was looking to lease suitable housing here in Trenton. Now owned by the Governor of Pennsylvania, the Trent House – which was then known as Kingsbury – was his choice with one condition: a separate kitchen building to be constructed for use in place of the kitchen in the basement of the said house and that for it to be large enough to accommodate his enslaved servants.
As the existence of the kitchen has been long known, no trace of it remains on the surface. In 2014, the Hunter Research was commissioned by the Trent House Assocation, with funding assistance from the NJM Insurance Group to conduct a preliminary excavation, which successfully uncovered evidence of the building’s foundation. Since then, with the continued support from NJM and additional funding from the New Jersey Historic Trust, additional structures and artifacts has been discovered. Co-investigators, Richard Hunter and Jim Lee of the Hunter Research and Richard Veit of Monmouth University, will bring the findings together and discuss ways that this historic treasure can inform our understanding of the lives of all those living and working on the plantation at the Falls of the Delaware in the 18th century.
The William Trent House Museum is now a National Historic Landmark in the Crossroads of the American Revolution National Heritage Area, and on the Washington-Rochambeau Revolutionary Route National Historic Trail. The Museum is dedicated to sharing the history of the house, property, and people with our communities, in hopes of connecting the past with today and tomorrow. Owned by the City of Trenton, it is operated by the Trent House Association, which is supported by the generosity of its members and donors, by grants from the New Jersey Council for the Humanities, the New Jersey Cultural Trust, the New Jersey Historic Trust, and the Mercer County Cultural and Heritage Commission.
For more information, visit https://williamtrenthouse.org. If you wish to be present during the zoom call, use this link https://tinyurl.com/THTalkJuly24. But if you want to go in person, register for free at https://tinyurl.com/RegisterJuly24.
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Back in 1742, when Lewis Morris was appointed Governor of the colony of New Jersey, Lewis was looking to lease suitable housing here in Trenton. Now owned by the Governor of Pennsylvania, the Trent House – which was then known as Kingsbury – was his choice with one condition: a separate kitchen building to be constructed for use in place of the kitchen in the basement of the said house and that for it to be large enough to accommodate his enslaved servants.
As the existence of the kitchen has been long known, no trace of it remains on the surface. In 2014, the Hunter Research was commissioned by the Trent House Assocation, with funding assistance from the NJM Insurance Group to conduct a preliminary excavation, which successfully uncovered evidence of the building’s foundation. Since then, with the continued support from NJM and additional funding from the New Jersey Historic Trust, additional structures and artifacts has been discovered. Co-investigators, Richard Hunter and Jim Lee of the Hunter Research and Richard Veit of Monmouth University, will bring the findings together and discuss ways that this historic treasure can inform our understanding of the lives of all those living and working on the plantation at the Falls of the Delaware in the 18th century.
The William Trent House Museum is now a National Historic Landmark in the Crossroads of the American Revolution National Heritage Area, and on the Washington-Rochambeau Revolutionary Route National Historic Trail. The Museum is dedicated to sharing the history of the house, property, and people with our communities, in hopes of connecting the past with today and tomorrow. Owned by the City of Trenton, it is operated by the Trent House Association, which is supported by the generosity of its members and donors, by grants from the New Jersey Council for the Humanities, the New Jersey Cultural Trust, the New Jersey Historic Trust, and the Mercer County Cultural and Heritage Commission.
For more information, visit https://williamtrenthouse.org. If you wish to be present during the zoom call, use this link https://tinyurl.com/THTalkJuly24. But if you want to go in person, register for free at https://tinyurl.com/RegisterJuly24.
See author's posts
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DekaBank Deutsche Girozentrale Raises Holdings in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) - Defense World
Posted by admin on Jul 23rd, 2022
DekaBank Deutsche Girozentrale grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 26.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,698 shares of the company’s stock after purchasing an additional 5,390 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $1,007,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Academy Sports and Outdoors by 523.3% during the fourth quarter. American Century Companies Inc. now owns 705,864 shares of the company’s stock worth $30,987,000 after buying an additional 592,619 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $19,856,000. Chimera Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $15,246,000. Peregrine Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $10,922,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $10,875,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.
ASO has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Academy Sports and Outdoors to $55.00 in a research report on Thursday, June 9th. The Goldman Sachs Group reduced their price objective on shares of Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. Loop Capital raised their price objective on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a research report on Wednesday, March 30th. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, Stephens raised their price objective on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 8th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Buy” and an average target price of $55.08.
Shares of ASO opened at $43.45 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $36.10 and a 200-day simple moving average of $36.79. Academy Sports and Outdoors, Inc. has a 1-year low of $25.10 and a 1-year high of $51.08. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 0.66 and a beta of 1.32.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $1.89 EPS. The company’s revenue was down 7.1% on a year-over-year basis. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 7.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.69%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 4.30%.
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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating).
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DekaBank Deutsche Girozentrale Purchases New Stake in Alkermes plc (NASDAQ:ALKS)
DekaBank Deutsche Girozentrale Purchases 9,695 Shares of News Co. (NASDAQ:NWSA)
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DekaBank Deutsche Girozentrale grew its position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) by 26.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,698 shares of the company’s stock after purchasing an additional 5,390 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Academy Sports and Outdoors were worth $1,007,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Academy Sports and Outdoors by 523.3% during the fourth quarter. American Century Companies Inc. now owns 705,864 shares of the company’s stock worth $30,987,000 after buying an additional 592,619 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $19,856,000. Chimera Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the fourth quarter worth about $15,246,000. Peregrine Capital Management LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $10,922,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Academy Sports and Outdoors during the first quarter worth about $10,875,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.
ASO has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Academy Sports and Outdoors to $55.00 in a research report on Thursday, June 9th. The Goldman Sachs Group reduced their price objective on shares of Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. Loop Capital raised their price objective on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a research report on Wednesday, March 30th. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, Stephens raised their price objective on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 8th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of “Buy” and an average target price of $55.08.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $1.89 EPS. The company’s revenue was down 7.1% on a year-over-year basis. Equities analysts forecast that Academy Sports and Outdoors, Inc. will post 7.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.69%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 4.30%.
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Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.
Want to see what other hedge funds are holding ASO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating).
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Thursday, October 6, 2022
‘Most effective’ lawn task to stimulate ‘stronger’ grass growth - do ‘every 10 days’ - Express
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With summer starting, Britons are preparing to spend more time enjoying their green spaces so it’s time to refine summer lawn care routines to keep grass in tip-top shape. Garden machinery specialist, Cobra, understands the importance of a vibrant and healthy lawn in summer and so has answered some common lawn care questions to help keep grass at its best this summer and beyond.
Wilko is offering customers massive deals on outdoor garden furniture and slashing 50 percent off prices. With sun loungers from £17.50 up, it's the ultimate bargain buy.
The gardening experts firstly shared when and how often gardeners should water their lawns during summer.
They said: “To encourage strong, vigorous growth, Cobra recommends watering lawns early in the morning when heat is at a minimum to reduce the amount of evaporation.”
This allows water to penetrate deeper into the root.
The experts added: “An infrequent yet heavy dose of water is also recommended as it’s one of the most effective ways of stimulating stronger grass growth - so give it a good dose every 10 days or so.”
Water butts are also a great way to collect and reuse any rainwater, so that it can be saved to keep lawns hydrated and gardens watering.
They are also handy to have in case the watering hose ban comes into force over the summer.
READ MORE: Alan Titchmarsh shares the ‘best’ lawn seed for hard wearing grass
A lot of problems gardeners have is knowing when to mow the lawn.
The lawn pros warned: “Mowing during hot periods can cause significant damage to lawns as the shorter blades of grass will be unable to shade the soil from the sun.
“This will cause water to evaporate quickly and will leave lawns feeling dehydrated and stressed.
“In ideal conditions though, it’s best to take a little and often approach, keeping grass at an inch tall.”
Thankfully modern lawnmowers make this job simple by having an easy-to-use height of cut adjuster that lowers or raises the blades as required with the lift of a lever.
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There are many ways to keep lawns gloriously green this summer that are simple but effective, according to the experts at Cobra.
The suggested: “Applying lawn feed to top up the nutrients in the soil so that the grass can feed off it to stay looking vibrant for longer.”
Reseeding lawns after heavy footwall will also help to recover dull patches and bring back its lush colour.
Aerating lawns, which involves making small holes in the soil, will relieve compaction and boost the circulation of vital elements, such as air and water, to improve lawns overall health and reduce the risk of any diseases.
It can be done manually, but it can also be done in a fraction of the time with a power machine.
READ MORE: Boris Johnson: Where he may live with Carrie and children
Once lawns are mowed, it can be difficult to know what to do with the cuttings.
It may be tempting to collect up the grass clippings after mowing, but it can actually be very useful to leave it on the grass.
The experts explained: “Sprinkling a light layer of cuttings onto your lawn after mowing acts as a mulch that locks in any moisture and nutrients, helping to grow thick, healthy grass.
“Mulching mowers are a fantastic way to do this as they not only mow the lawn, but instead of collecting up the cuttings, automatically returns the cuttings back to the grass so that it can work its magic.”
Lawns can quickly be infested by weeds, which make them look unsightly.
But while there are a number of ways to remove unwanted growth from lawns, most of them are a quick fix.
To avoid regrowth, it’s important that gardeners perfect their lawn care regime of mowing, scarifying and aerating to avoid this type of growth.
The lawn experts said: “Dandelions thrive in thin lawns. They have deep roots so simply mowing them down won’t solve it.
“Hand tools can help dig up the root but will leave a hole so patches will need resowing afterwards.
“Mushrooms are caused by decomposing material like old cuttings and thatch so be sure to remove all debris and rake regularly to gather up anything that might create the perfect environment for mushrooms to grow in.
“Weedkillers can kill weeds almost instantly but it will kill any surrounding grass, so extra care is needed when applying.”
See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive.
source https://1home.streamstorecloud.com/most-effective-lawn-task-to-stimulate-stronger-grass-growth-do-every-10-days-express/?feed_id=5244&_unique_id=633e9414066c9
With summer starting, Britons are preparing to spend more time enjoying their green spaces so it’s time to refine summer lawn care routines to keep grass in tip-top shape. Garden machinery specialist, Cobra, understands the importance of a vibrant and healthy lawn in summer and so has answered some common lawn care questions to help keep grass at its best this summer and beyond.
Wilko is offering customers massive deals on outdoor garden furniture and slashing 50 percent off prices. With sun loungers from £17.50 up, it's the ultimate bargain buy.
The gardening experts firstly shared when and how often gardeners should water their lawns during summer.
They said: “To encourage strong, vigorous growth, Cobra recommends watering lawns early in the morning when heat is at a minimum to reduce the amount of evaporation.”
This allows water to penetrate deeper into the root.
The experts added: “An infrequent yet heavy dose of water is also recommended as it’s one of the most effective ways of stimulating stronger grass growth - so give it a good dose every 10 days or so.”
Water butts are also a great way to collect and reuse any rainwater, so that it can be saved to keep lawns hydrated and gardens watering.
They are also handy to have in case the watering hose ban comes into force over the summer.
READ MORE: Alan Titchmarsh shares the ‘best’ lawn seed for hard wearing grass
A lot of problems gardeners have is knowing when to mow the lawn.
The lawn pros warned: “Mowing during hot periods can cause significant damage to lawns as the shorter blades of grass will be unable to shade the soil from the sun.
“This will cause water to evaporate quickly and will leave lawns feeling dehydrated and stressed.
“In ideal conditions though, it’s best to take a little and often approach, keeping grass at an inch tall.”
Thankfully modern lawnmowers make this job simple by having an easy-to-use height of cut adjuster that lowers or raises the blades as required with the lift of a lever.
DON'T MISS:
Virtual viewings will add £16,000 to your property value [TIPS]
Mrs Hinch fans share 55p hack to unblock drains in 10 minutes [COMMENT]
‘Perfect way’ to add property value and make a home ‘more desirable’ [EXPERT]
There are many ways to keep lawns gloriously green this summer that are simple but effective, according to the experts at Cobra.
The suggested: “Applying lawn feed to top up the nutrients in the soil so that the grass can feed off it to stay looking vibrant for longer.”
Reseeding lawns after heavy footwall will also help to recover dull patches and bring back its lush colour.
Aerating lawns, which involves making small holes in the soil, will relieve compaction and boost the circulation of vital elements, such as air and water, to improve lawns overall health and reduce the risk of any diseases.
It can be done manually, but it can also be done in a fraction of the time with a power machine.
READ MORE: Boris Johnson: Where he may live with Carrie and children
Once lawns are mowed, it can be difficult to know what to do with the cuttings.
It may be tempting to collect up the grass clippings after mowing, but it can actually be very useful to leave it on the grass.
The experts explained: “Sprinkling a light layer of cuttings onto your lawn after mowing acts as a mulch that locks in any moisture and nutrients, helping to grow thick, healthy grass.
“Mulching mowers are a fantastic way to do this as they not only mow the lawn, but instead of collecting up the cuttings, automatically returns the cuttings back to the grass so that it can work its magic.”
Lawns can quickly be infested by weeds, which make them look unsightly.
But while there are a number of ways to remove unwanted growth from lawns, most of them are a quick fix.
To avoid regrowth, it’s important that gardeners perfect their lawn care regime of mowing, scarifying and aerating to avoid this type of growth.
The lawn experts said: “Dandelions thrive in thin lawns. They have deep roots so simply mowing them down won’t solve it.
“Hand tools can help dig up the root but will leave a hole so patches will need resowing afterwards.
“Mushrooms are caused by decomposing material like old cuttings and thatch so be sure to remove all debris and rake regularly to gather up anything that might create the perfect environment for mushrooms to grow in.
“Weedkillers can kill weeds almost instantly but it will kill any surrounding grass, so extra care is needed when applying.”
See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive.
source https://1home.streamstorecloud.com/most-effective-lawn-task-to-stimulate-stronger-grass-growth-do-every-10-days-express/?feed_id=5244&_unique_id=633e9414066c9
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