Teacher Retirement System of Texas increased its holdings of Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) stock 2.7% in Q1, according to its latest SEC disclosure. The fund held 17,136 shares of the company after buying an additional 458 shares during the period. Teacher Retirement System of Texas’ holdings in Academy Sports and Outdoors were worth $675,000 when it last filed with the SEC.
Other major investors have also recently changed their positions in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Academy Sports and Outdoors during the first quarter worth $26,000. Prospera Financial Services Inc purchased a new stake in shares of Academy Sports and Outdoors during the first quarter at a value of $26,000. Nisa Investment Advisors LLC increased its position in shares of Academy Sports and Outdoors by 826.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company valued at $54,000 after buying an additional 1,240 shares in the last quarter. Covestor Ltd purchased a new stake in shares of Academy Sports and Outdoors during the fourth quarter at a value of $59,000. Finally, Islay Capital Management LLC increased its position in Academy Sports and Outdoors shares by 67.5% during the first quarter. Islay Capital Management LLC now owns 4,922 shares of the company valued at $194,000 after purchasing an additional 1,983 shares in the last quarter. 89.94% of the shares are currently held by hedge funds and other institutional investors.
Academy sports and outdoor stock down 1.3%
ASO shares opened at $46.62 on Friday. The company’s 50-day moving average is $40.19 and its 200-day moving average is $37.55. The company has a market capitalization of $3.97 billion, a PE ratio of 6.69, a growth price-earnings ratio of 0.73 and a beta of 1.39. Academy Sports and Outdoors, Inc. has a 12 month minimum of $25.10 and a 12 month maximum of $51.08. 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 (EPS) of $1.73 for the quarter, beating the consensus estimate of $1.40 by $0.33. 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 return on equity of 47.24% and a net margin of 9.66%. The company’s quarterly revenue was down 7.1% year over year. In the same quarter last year, the company achieved EPS of $1.89. Research analysts expect Academy Sports and Outdoors, Inc. to post earnings per share of 7.01 for the current fiscal year.
Sports and Outdoors Academy Dividends Announced
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 0.64%. The ex-dividend date was Wednesday, June 15. Academy Sports and Outdoors’ dividend payout ratio (DPR) is currently 4.30%.
Analyst upgrades and downgrades
Several equity research analysts have recently commented on ASO shares. UBS Group lowered its price target on Academy Sports and Outdoors to $55.00 in a Thursday, June 9 research report. Truist Financial assumed coverage for Academy Sports and Outdoors in a Wednesday, May 11 research report. They issued a “buy” rating and a target price of $53.00 on the stock. 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 report. Morgan Stanley assumed coverage for Academy Sports and Outdoors in a research report on Monday, August 15. They issued an “equal weight” rating and a target price of $50.00 on the stock. Finally, Goldman Sachs Group lowered 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 report. . One equity research analyst gave the stock a hold rating and twelve gave the company’s stock a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.69.
Company Profile Academy Sports and Outdoors
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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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