Maryland State Retirement & Pension System took a new position in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) during the first quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor acquired 35,148 shares of the company, valued at approximately $1,385,000.
A number of other institutional investors have also recently changed their positions in ASO. Invesco Ltd. increased its stake in Academy Sports and Outdoors by 322.4% during the third quarter. Invesco Ltd. now owns 154,219 shares of the company worth $6,172,000 after purchasing an additional 117,710 shares last quarter. Royal Bank of Canada increased its stake in shares of Academy Sports and Outdoors to 96.4% in Q3. Royal Bank of Canada now owns 40,409 shares of the company valued at $1,616,000 after buying an additional 19,835 shares last quarter. California State Teachers Retirement System increased its stake in Academy Sports and Outdoors stock by 30.5% in Q3. California State Teachers Retirement System now owns 111,181 shares of the company valued at $4,449,000 after purchasing an additional 25,987 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in shares of Academy Sports and Outdoors by 18.4% in Q3. Metropolitan Life Insurance Co NY now owns 20,706 shares of the company valued at $829,000 after purchasing 3,213 additional shares in the last quarter. Finally, LPL Financial LLC increased its stake in the shares of Academy Sports and Outdoors by 3.7% in the 3rd quarter. LPL Financial LLC now owns 101,653 shares of the company valued at $4,068,000 after purchasing an additional 3,647 shares last quarter. Hedge funds and other institutional investors hold 89.94% of the company’s shares.
ASO has been the subject of several research reports. Wells Fargo & Company lowered its price target on shares of Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a Thursday, March 24 report. Truist Financial began covering shares of Academy Sports and Outdoors in a report on Wednesday, May 11. They set a “buy” rating and a price target of $53.00 for the company. UBS Group lowered its price target on shares of Academy Sports and Outdoors to $55.00 in a Thursday, June 9 report. Stephens raised his price target on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a Wednesday, June 8 report. Finally, Loop Capital raised its price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 report. Twelve equity research analysts rated the stock with a buy rating. According to data from MarketBeat.com, Academy Sports and Outdoors has a consensus rating of “Buy” and an average target price of $55.08.
ASO opened at $36.06 on Thursday. The company has a debt ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The company has a market capitalization of $3.07 billion, a price/earnings ratio of 5.17, a P/E/G ratio of 0.53 and a beta of 1.65. The company’s fifty-day moving average price is $36.17 and its two-hundred-day moving average price is $37.33. Academy Sports and Outdoors, Inc. has a 1-year minimum of $25.10 and a 1-year maximum of $51.08.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings data on Tuesday, June 7. The company reported earnings per share (EPS) of $1.73 for the quarter, beating analyst consensus estimates of $1.41 by $0.32. The company posted revenue of $1.47 billion for the quarter, versus a consensus estimate of $1.45 billion. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The company’s revenue for the quarter was down 7.1% from the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.89. As a group, stock analysts expect Academy Sports and Outdoors, Inc. to post EPS of 7.06 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Thursday, June 16 will receive a dividend of $0.075 per share. This represents a dividend of $0.30 on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, June 15. The Academy Sports and Outdoors payout ratio is 4.30%.
Company Profile Academy Sports and Outdoors (Get a rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.
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