The New York State Teachers Retirement System strengthened its position in Academy Sports and Outdoors, Inc. (NASDAQ: ASO – Get Rating) by 694.6% during Q1, according to its most recent Form 13F filing with the SEC. The fund held 53,238 shares of the company after purchasing an additional 46,538 shares during the period. The New York State Teachers Retirement System’s holdings in Academy Sports and Outdoors were worth $2,098,000 when it was last filed with the SEC.
Several other institutional investors and hedge funds also bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Academy Sports and Outdoors by 523.3% in the fourth quarter. American Century Companies Inc. now owns 705,864 shares of the company worth $30,987,000 after purchasing an additional 592,619 shares during the period. Pacer Advisors Inc. purchased a new stake in Academy Sports and Outdoors during Q1 valued at approximately $19,856,000. Chimera Capital Management LLC acquired a new stake in Academy Sports and Outdoors during Q4, valued at approximately $15,246,000. Hennessy Advisors Inc. acquired a new stake in Academy Sports and Outdoors during the 4th quarter, valued at approximately $12,845,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Academy Sports and Outdoors during Q1 valued at approximately $10,875,000. 89.94% of the shares are held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
ASO has been the subject of several recent analyst reports. UBS Group reduced its target price on Academy Sports and Outdoors to $55.00 in a Thursday, June 9 research note. Goldman Sachs Group cut its price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a Wednesday May 4 research note. Wells Fargo & Company cut its price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating on the stock in a Thursday, March 24 research note. Stephens raised his price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a Wednesday, June 8 research note. Finally, Truist Financial assumed coverage for Academy Sports and Outdoors in a Wednesday, May 11 research note. They issued a “buy” rating and a price target of $53.00 on the stock. Twelve analysts have rated the stock with a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $55.08.
Academy Sports and Outdoors Awards Performance
ASO shares opened at $40.03 on Tuesday. Academy Sports and Outdoors, Inc. has a 12-month minimum of $25.10 and a 12-month maximum of $51.08. The stock has a market capitalization of $3.41 billion, a price/earnings ratio of 5.74, a P/E/G ratio of 0.61 and a beta of 1.32. The stock has a fifty-day simple moving average of $35.51 and a two-hundred-day simple moving average of $36.71. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt ratio of 0.45.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its results on Tuesday, June 7. The company reported earnings per share of $1.73 for the quarter, beating the consensus estimate of $1.41 by $0.32. The company posted revenue of $1.47 billion in the quarter, versus $1.45 billion expected by analysts. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. 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. On average, analysts predict Academy Sports and Outdoors, Inc. will post an EPS of 7.05 for the current fiscal year.
Academy Sports and Outdoors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 14. Investors of record on Thursday, June 16 received a dividend of $0.075 per share. This represents an annualized dividend of $0.30 and a yield of 0.75%. The ex-dividend date was Wednesday, June 15. Academy Sports and Outdoors’ dividend payout ratio is currently 4.30%.
Academy Sports and Outdoors Profile
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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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