Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its holdings in shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,525 shares of the company’s stock after selling 429 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Academy Sports and Outdoors were worth $951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Denali Advisors LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth about $1,677,000. Bank of New York Mellon Corp raised its position in shares of Academy Sports and Outdoors by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 712,226 shares of the company’s stock worth $40,974,000 after acquiring an additional 90,592 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its position in shares of Academy Sports and Outdoors by 85.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 14,969 shares of the company’s stock worth $861,000 after acquiring an additional 6,882 shares in the last quarter. Ieq Capital LLC acquired a new position in Academy Sports and Outdoors during the fourth quarter worth approximately $371,000. Finally, Alberta Investment Management Corp acquired a new position in Academy Sports and Outdoors during the fourth quarter worth approximately $967,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Citigroup assumed coverage on Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a “buy” rating and a $65.00 price target on the stock. Telsey Advisory Group cut their price target on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Truist Financial lifted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.67.

Academy Sports and Outdoors Trading Down 0.7 %

Shares of ASO stock opened at $49.59 on Friday. The business’s fifty day moving average price is $54.34 and its 200 day moving average price is $53.94. Academy Sports and Outdoors, Inc. has a 1-year low of $44.73 and a 1-year high of $75.73. The firm has a market capitalization of $3.44 billion, a PE ratio of 8.14, a P/E/G ratio of 1.02 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32.

Academy Sports and Outdoors (NASDAQ:ASO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company earned $1.38 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Academy Sports and Outdoors, Inc. will post 5.59 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, December 18th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio is presently 7.22%.

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.