Louisiana State Employees Retirement System Purchases 400 Shares of Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Louisiana State Employees Retirement System boosted its position in Academy Sports and Outdoors, Inc. (NASDAQ:ASO) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,100 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Louisiana State Employees Retirement System owned about 0.05% of Academy Sports and Outdoors worth $1,976,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ASO. Jones Financial Companies Lllp bought a new stake in shares of Academy Sports and Outdoors during the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Academy Sports and Outdoors during the first quarter valued at approximately $35,000. Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors during the first quarter worth $68,000. EverSource Wealth Advisors LLC lifted its stake in Academy Sports and Outdoors by 517.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,050 shares of the company’s stock worth $69,000 after purchasing an additional 880 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Academy Sports and Outdoors in the 4th quarter valued at $73,000.

Insider Transactions at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the completion of the sale, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.19% of the stock is currently owned by insiders.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $54.49 on Friday. The business has a 50-day simple moving average of $52.96 and a 200 day simple moving average of $59.07. Academy Sports and Outdoors, Inc. has a one year low of $42.83 and a one year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.87 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that Academy Sports and Outdoors, Inc. will post 6.35 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, June 20th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Analysts Set New Price Targets

ASO has been the subject of several recent analyst reports. Evercore ISI upped their price objective on Academy Sports and Outdoors from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Truist Financial reduced their price target on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, June 10th. Bank of America cut shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $75.00 to $63.00 in a research report on Tuesday, June 11th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $53.00 in a research note on Monday, August 5th. Finally, Wedbush decreased their target price on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average target price of $64.73.

Academy Sports and Outdoors Company 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.